Ningbo Changhong Polymer Scientific&Technical Inc.’s Net Profit Dropped 44.9% in First Three Quarters of 2023

Ningbo Changhong Polymer Scientific&Technical Inc. (宁波长鸿高分子科技股份有限公司) (605008.SH) reported a net profit of 102.2 million yuan in the first three quarters of 2023, down 44.9% year-on-year.

Meanwhile, the company posted 1.1 billion yuan in revenue, down 45.9% year-on-year.

At the end of the reporting period, it had 4.4 billion yuan in total assets and 2.3 billion yuan in total liabilities, with a liability-to-asset ratio of 52.2%.