Shenzhen Sinexcel Electric Co.,Ltd.’s Net Profit Rose 106.6% in First Three Quarters of 2023

Shenzhen Sinexcel Electric Co.,Ltd. (深圳市盛弘电气股份有限公司) (300693.SZ) reported a net profit of 270.7 million yuan in the first three quarters of 2023, up 106.6% year-on-year.

Meanwhile, the company posted 1.7 billion yuan in revenue, up 85.4% year-on-year.

At the end of the reporting period, it had 3.2 billion yuan in total assets and 1.8 billion yuan in total liabilities, with a liability-to-asset ratio of 57.5%.