Zhejiang Chint Electrics Co.,Ltd.’s Net Profit Dropped 4.5% in First Three Quarters of 2021

Zhejiang Chint Electrics Co.,Ltd. (浙江正泰电器股份有限公司) (601877.SH) reported a net profit of 3.1 billion yuan in the first three quarters of 2021, down 4.5% year-on-year.

Meanwhile, the company posted 28.7 billion yuan in revenue, up 23.2% year-on-year.

At the end of the reporting period, it had 86.2 billion yuan in total assets and 52 billion yuan in total liabilities, with a liability-to-asset ratio of 60.4%.

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

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