Xiangtan Electric Manufacturing Co.,Ltd.’s Net Profit Dropped 14.4% in First Three Quarters of 2021

Xiangtan Electric Manufacturing Co.,Ltd. (湘潭电机股份有限公司) (600416.SH) reported a net profit of 108.8 million yuan in the first three quarters of 2021, down 14.4% year-on-year.

Meanwhile, the company posted 3 billion yuan in revenue, down 20.1% year-on-year.

At the end of the reporting period, it had 12.4 billion yuan in total assets and 7.9 billion yuan in total liabilities, with a liability-to-asset ratio of 63.9%.

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

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