Far East Smarter Energy Co.,Ltd.’s Net Profit Dropped 6.8% in First Half of 2023

Far East Smarter Energy Co.,Ltd. (远东智慧能源股份有限公司) (600869.SH) reported a net profit of 335.7 million yuan in the first half of 2023, down 6.8% year-on-year.

Meanwhile, the company posted 10.4 billion yuan in revenue, up 4.1% year-on-year.

At the end of the reporting period, it had 20.8 billion yuan in total assets and 16 billion yuan in total liabilities, with a liability-to-asset ratio of 77.1%.