Foshan Electrical And Lighting Co.,Ltd.’s Net Profit Dropped 6% in First Three Quarters of 2023

Foshan Electrical And Lighting Co.,Ltd. (佛山电器照明股份有限公司) (000541.SZ) reported a net profit of 320.9 million yuan in the first three quarters of 2023, down 6% year-on-year.

Meanwhile, the company posted 6.8 billion yuan in revenue, up 4.2% year-on-year.

At the end of the reporting period, it had 15.3 billion yuan in total assets and 6.6 billion yuan in total liabilities, with a liability-to-asset ratio of 43.4%.