Jiangsu Lidao New Material’s net profit slides in Q1-Q3
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Update time : 2020-11-02 15:52:49
Jiangsu Lidao New Material Co., Ltd., a manufacturer and exporter of aluminum products in China, posted its revenue of around RMB 964 million in the first three quarters of this year, sliding by 5.47% compared to the same period a year ago.
The firm’s net profit attributable to shareholders of listed companies was roughly RMN 82.62 million, a year-on-year decrease of 9.92%.
During the reporting period, other revenue dropped by 71.95% year on year, mainly due to fewer subsidies received from the government; the non-operating income fell by 97.88% year on year, mainly due to fewer debt restructuring gains.
