Guangxi Guiguan Electric Power Co.,Ltd.’s Net Profit Dropped 64% in First Three Quarters of 2023

Guangxi Guiguan Electric Power Co.,Ltd. (广西桂冠电力股份有限公司) (600236.SH) reported a net profit of 1.3 billion yuan in the first three quarters of 2023, down 64% year-on-year.

Meanwhile, the company posted 6.1 billion yuan in revenue, down 29.3% year-on-year.

At the end of the reporting period, it had 46 billion yuan in total assets and 24.1 billion yuan in total liabilities, with a liability-to-asset ratio of 52.5%.