Xiangtan Electric Manufacturing Co.,Ltd.’s Net Profit Rose 13.9% in First Three Quarters of 2023

Xiangtan Electric Manufacturing Co.,Ltd. (湘潭电机股份有限公司) (600416.SH) reported a net profit of 261.4 million yuan in the first three quarters of 2023, up 13.9% year-on-year.

Meanwhile, the company posted 3.4 billion yuan in revenue, down 0.3% year-on-year.

At the end of the reporting period, it had 13.8 billion yuan in total assets and 6.6 billion yuan in total liabilities, with a liability-to-asset ratio of 48%.