Jiangsu Shemar Electric Co.,Ltd.’s Net Profit Rose 291.8% in First Three Quarters of 2023

Jiangsu Shemar Electric Co.,Ltd. (江苏神马电力股份有限公司) (603530.SH) reported a net profit of 95.8 million yuan in the first three quarters of 2023, up 291.8% year-on-year.

Meanwhile, the company posted 672.7 million yuan in revenue, up 22.4% year-on-year.

At the end of the reporting period, it had 2 billion yuan in total assets and 373.9 million yuan in total liabilities, with a liability-to-asset ratio of 18.3%.