Ming Yang Smart Energy Group Limited’s Net Profit Dropped 64.4% in First Three Quarters of 2023

Ming Yang Smart Energy Group Limited (明阳智慧能源集团股份公司) (601615.SH) reported a net profit of 1.3 billion yuan in the first three quarters of 2023, down 64.4% year-on-year.

Meanwhile, the company posted 21 billion yuan in revenue, down 3.3% year-on-year.

At the end of the reporting period, it had 80.9 billion yuan in total assets and 52.1 billion yuan in total liabilities, with a liability-to-asset ratio of 64.4%.