Northeast Electric Development Company Limited’s Net Profit Dropped 85.4% in First Three Quarters of 2021

Northeast Electric Development Company Limited (东北电气发展股份有限公司) (000585.SZ) reported a net profit of 23.8 million yuan in the first three quarters of 2021, down 85.4% year-on-year.

Meanwhile, the company posted 61.7 million yuan in revenue, up 2.8% year-on-year.

At the end of the reporting period, it had 207.3 million yuan in total assets and 368.7 million yuan in total liabilities, with a liability-to-asset ratio of 177.9%.

This article was automatically produced by Caixin Automation on Nov. 3, 2021.

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