Citic Heavy Industries Co.,Ltd.’s Net Profit Rose 33.6% in First Three Quarters of 2023

Citic Heavy Industries Co.,Ltd. (中信重工机械股份有限公司) (601608.SH) reported a net profit of 273.3 million yuan in the first three quarters of 2023, up 33.6% year-on-year.

Meanwhile, the company posted 7 billion yuan in revenue, up 3.2% year-on-year.

At the end of the reporting period, it had 18 billion yuan in total assets and 9.9 billion yuan in total liabilities, with a liability-to-asset ratio of 55%.