Hangzhou Zhongheng Electric Co.,Ltd.’s Net Profit Rose 90.6% in First Three Quarters of 2023

Hangzhou Zhongheng Electric Co.,Ltd. (杭州中恒电气股份有限公司) (002364.SZ) reported a net profit of 32.5 million yuan in the first three quarters of 2023, up 90.6% year-on-year.

Meanwhile, the company posted 1 billion yuan in revenue, down 4.3% year-on-year.

At the end of the reporting period, it had 3.2 billion yuan in total assets and 942.4 million yuan in total liabilities, with a liability-to-asset ratio of 29.2%.