Western Superconducting Technologies Co.,Ltd.’s Net Profit Dropped 30.2% in First Three Quarters of 2023

Western Superconducting Technologies Co.,Ltd. (西部超导材料科技股份有限公司) (688122.SH) reported a net profit of 609.8 million yuan in the first three quarters of 2023, down 30.2% year-on-year.

Meanwhile, the company posted 3.1 billion yuan in revenue, down 5.5% year-on-year.

At the end of the reporting period, it had 11.6 billion yuan in total assets and 5.1 billion yuan in total liabilities, with a liability-to-asset ratio of 43.7%.