Zhuzhou Crrc Times Electric Co.,Ltd.’s Net Profit Dropped 19% in First Three Quarters of 2021

Zhuzhou Crrc Times Electric Co.,Ltd. (株洲中车时代电气股份有限公司) (688187.SH) reported a net profit of 1.2 billion yuan in the first three quarters of 2021, down 19% year-on-year.

Meanwhile, the company posted 8.5 billion yuan in revenue, down 13.7% year-on-year.

At the end of the reporting period, it had 43.5 billion yuan in total assets and 10.6 billion yuan in total liabilities, with a liability-to-asset ratio of 24.3%.

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

Download our app to receive breaking news alerts and read the news on the go.

Follow the Chinese markets in real time with Caixin Global’s new stock database.