Ningbo Dechang Electrical Machinery Co.,Ltd.’s Net Profit Rose 0.2% in First Three Quarters of 2023

Ningbo Dechang Electrical Machinery Co.,Ltd. (宁波德昌电机股份有限公司) (605555.SH) reported a net profit of 263.4 million yuan in the first three quarters of 2023, up 0.2% year-on-year.

Meanwhile, the company posted 2.1 billion yuan in revenue, up 38.8% year-on-year.

At the end of the reporting period, it had 4.3 billion yuan in total assets and 1.6 billion yuan in total liabilities, with a liability-to-asset ratio of 37.6%.