Hangzhou Huaguang Advanced Welding Materials Co.,Ltd. Posted 37.4 Million Yuan Net Profit in First Three Quarters of 2023

Hangzhou Huaguang Advanced Welding Materials Co.,Ltd. (杭州华光焊接新材料股份有限公司) (688379.SH) reported a net profit of 37.4 million yuan in the first three quarters of 2023, reversing a net loss of 13 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.1 billion yuan in revenue, up 19.4% year-on-year.

At the end of the reporting period, it had 2 billion yuan in total assets and 1 billion yuan in total liabilities, with a liability-to-asset ratio of 52.6%.