China Southern Power Grid Energy Storage Co.,Ltd.’s Net Profit Dropped 40% in First Three Quarters of 2023

China Southern Power Grid Energy Storage Co.,Ltd. (南方电网储能股份有限公司) (600995.SH) reported a net profit of 1 billion yuan in the first three quarters of 2023, down 40% year-on-year.

Meanwhile, the company posted 4.1 billion yuan in revenue, down 36.4% year-on-year.

At the end of the reporting period, it had 43.5 billion yuan in total assets and 19.3 billion yuan in total liabilities, with a liability-to-asset ratio of 44.4%.