Changchun Zhiyuan New Energy Equipment Co.,Ltd. Posted 11.9 Million Yuan Net Profit in First Three Quarters of 2023

Changchun Zhiyuan New Energy Equipment Co.,Ltd. (长春致远新能源装备股份有限公司) (300985.SZ) reported a net profit of 11.9 million yuan in the first three quarters of 2023, reversing a net loss of 11.9 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.1 billion yuan in revenue, up 731% year-on-year.

At the end of the reporting period, it had 2.3 billion yuan in total assets and 1.1 billion yuan in total liabilities, with a liability-to-asset ratio of 48.3%.