Guangdong Huatie Tongda High-Speed Railway Equipment Corporation’s Net Profit Dropped 83.6% in First Three Quarters of 2023

Guangdong Huatie Tongda High-Speed Railway Equipment Corporation (广东华铁通达高铁装备股份有限公司) (000976.SZ) reported a net profit of 50.7 million yuan in the first three quarters of 2023, down 83.6% year-on-year.

Meanwhile, the company posted 594.8 million yuan in revenue, down 64.1% year-on-year.

At the end of the reporting period, it had 6 billion yuan in total assets and 2.8 billion yuan in total liabilities, with a liability-to-asset ratio of 46.7%.