Baoding Tianwei Baobian Electric Co.,Ltd. Posted 63.7 Million Yuan Net Loss in First Three Quarters of 2023

Baoding Tianwei Baobian Electric Co.,Ltd. (保定天威保变电气股份有限公司) (600550.SH) reported a net loss of 63.7 million yuan in the first three quarters of 2023, reversing a net profit of 10.7 million yuan for the same period in the previous year.

Meanwhile, the company posted 2 billion yuan in revenue, up 6.7% year-on-year.

At the end of the reporting period, it had 5.8 billion yuan in total assets and 5 billion yuan in total liabilities, with a liability-to-asset ratio of 86.3%.