Jinguan Electric Co.,Ltd.’s Net Profit Rose 41.9% in First Three Quarters of 2023

Jinguan Electric Co.,Ltd. (金冠电气股份有限公司) (688517.SH) reported a net profit of 48.3 million yuan in the first three quarters of 2023, up 41.9% year-on-year.

Meanwhile, the company posted 358.9 million yuan in revenue, down 2.8% year-on-year.

At the end of the reporting period, it had 1.2 billion yuan in total assets and 443.9 million yuan in total liabilities, with a liability-to-asset ratio of 36.7%.