Henan Pinggao Electric Co.,Ltd.’s Net Profit Rose 149.5% in First Three Quarters of 2023

Henan Pinggao Electric Co.,Ltd. (河南平高电气股份有限公司) (600312.SH) reported a net profit of 622.6 million yuan in the first three quarters of 2023, up 149.5% year-on-year.

Meanwhile, the company posted 7.4 billion yuan in revenue, up 21.5% year-on-year.

At the end of the reporting period, it had 19.7 billion yuan in total assets and 9.4 billion yuan in total liabilities, with a liability-to-asset ratio of 48%.