Guangdong Hongxing Industrial Co.,Ltd.’s Net Profit Rose 2327.1% in First Three Quarters of 2023

Guangdong Hongxing Industrial Co.,Ltd. (广东洪兴实业股份有限公司) (001209.SZ) reported a net profit of 76.5 million yuan in the first three quarters of 2023, up 2327.1% year-on-year.

Meanwhile, the company posted 1 billion yuan in revenue, up 19.4% year-on-year.

At the end of the reporting period, it had 1.7 billion yuan in total assets and 417 million yuan in total liabilities, with a liability-to-asset ratio of 24.9%.