Elion Energy Company Limited’s Net Profit Dropped 99% in First Three Quarters of 2023

Elion Energy Company Limited (亿利洁能股份有限公司) (600277.SH) reported a net profit of 10.1 million yuan in the first three quarters of 2023, down 99% year-on-year.

Meanwhile, the company posted 7.3 billion yuan in revenue, down 22.6% year-on-year.

At the end of the reporting period, it had 34.8 billion yuan in total assets and 14.9 billion yuan in total liabilities, with a liability-to-asset ratio of 42.9%.