China Railway High-Speed Electrification Equipment Corporation Limited’s Net Profit Dropped 20.5% in First Three Quarters of 2023

China Railway High-Speed Electrification Equipment Corporation Limited (中铁高铁电气装备股份有限公司) (688285.SH) reported a net profit of 62.6 million yuan in the first three quarters of 2023, down 20.5% year-on-year.

Meanwhile, the company posted 761.8 million yuan in revenue, down 12.9% year-on-year.

At the end of the reporting period, it had 3 billion yuan in total assets and 1.4 billion yuan in total liabilities, with a liability-to-asset ratio of 45.7%.