Zhejiang Fenglong Electric Co.,Ltd.’s Net Profit Dropped 88.3% in First Three Quarters of 2023

Zhejiang Fenglong Electric Co.,Ltd. (浙江锋龙电气股份有限公司) (002931.SZ) reported a net profit of 4.9 million yuan in the first three quarters of 2023, down 88.3% year-on-year.

Meanwhile, the company posted 318.1 million yuan in revenue, down 31.8% year-on-year.

At the end of the reporting period, it had 1.1 billion yuan in total assets and 353.4 million yuan in total liabilities, with a liability-to-asset ratio of 32.8%.