Swancor Advanced Materials Co.,Ltd.’s Net Profit Rose 7.8% in First Three Quarters of 2023

Swancor Advanced Materials Co.,Ltd. (上纬新材料科技股份有限公司) (688585.SH) reported a net profit of 62.3 million yuan in the first three quarters of 2023, up 7.8% year-on-year.

Meanwhile, the company posted 1 billion yuan in revenue, down 28.9% year-on-year.

At the end of the reporting period, it had 1.7 billion yuan in total assets and 509.2 million yuan in total liabilities, with a liability-to-asset ratio of 29.9%.