Sieyuan Electric Co.,Ltd.’s Net Profit Rose 43.6% in First Three Quarters of 2023

Sieyuan Electric Co.,Ltd. (思源电气股份有限公司) (002028.SZ) reported a net profit of 1.2 billion yuan in the first three quarters of 2023, up 43.6% year-on-year.

Meanwhile, the company posted 8.6 billion yuan in revenue, up 22.6% year-on-year.

At the end of the reporting period, it had 17.1 billion yuan in total assets and 6.7 billion yuan in total liabilities, with a liability-to-asset ratio of 39.4%.