Qingdao Huijintong Power Equipment Co.,Ltd.’s Net Profit Dropped 17.6% in First Three Quarters of 2023

Qingdao Huijintong Power Equipment Co.,Ltd. (青岛汇金通电力设备股份有限公司) (603577.SH) reported a net profit of 37.5 million yuan in the first three quarters of 2023, down 17.6% year-on-year.

Meanwhile, the company posted 2.8 billion yuan in revenue, up 4.8% year-on-year.

At the end of the reporting period, it had 5.6 billion yuan in total assets and 3.8 billion yuan in total liabilities, with a liability-to-asset ratio of 67.5%.