Far East Smarter Energy Co.,Ltd.’s Net Profit Dropped 21.6% in First Three Quarters of 2023

Far East Smarter Energy Co.,Ltd. (远东智慧能源股份有限公司) (600869.SH) reported a net profit of 401.6 million yuan in the first three quarters of 2023, down 21.6% year-on-year.

Meanwhile, the company posted 17.4 billion yuan in revenue, up 9.1% year-on-year.

At the end of the reporting period, it had 21 billion yuan in total assets and 16.2 billion yuan in total liabilities, with a liability-to-asset ratio of 76.9%.