Longyan Zhuoyue New Energy Co.,Ltd.’s Net Profit Dropped 64.4% in First Three Quarters of 2023

Longyan Zhuoyue New Energy Co.,Ltd. (龙岩卓越新能源股份有限公司) (688196.SH) reported a net profit of 153.1 million yuan in the first three quarters of 2023, down 64.4% year-on-year.

Meanwhile, the company posted 2.5 billion yuan in revenue, down 30% year-on-year.

At the end of the reporting period, it had 3.2 billion yuan in total assets and 414 million yuan in total liabilities, with a liability-to-asset ratio of 13.1%.