China Marine Information Electronics Company Limited’s Net Profit Dropped 47% in First Three Quarters of 2023

China Marine Information Electronics Company Limited (中国船舶重工集团海洋防务与信息对抗股份有限公司) (600764.SH) reported a net profit of 122.7 million yuan in the first three quarters of 2023, down 47% year-on-year.

Meanwhile, the company posted 1.9 billion yuan in revenue, down 24.2% year-on-year.

At the end of the reporting period, it had 11.1 billion yuan in total assets and 3.3 billion yuan in total liabilities, with a liability-to-asset ratio of 30.1%.