Guangzhou Baiyun Electric Equipment Co.,Ltd. Posted 60.4 Million Yuan Net Profit in First Three Quarters of 2023

Guangzhou Baiyun Electric Equipment Co.,Ltd. (广州白云电器设备股份有限公司) (603861.SH) reported a net profit of 60.4 million yuan in the first three quarters of 2023, reversing a net loss of 21.9 million yuan for the same period in the previous year.

Meanwhile, the company posted 3 billion yuan in revenue, up 38.2% year-on-year.

At the end of the reporting period, it had 8.9 billion yuan in total assets and 5.8 billion yuan in total liabilities, with a liability-to-asset ratio of 65.6%.