Sec Electric Machinery Co.,Ltd.’s Net Profit Dropped 67.1% in First Three Quarters of 2023

Sec Electric Machinery Co.,Ltd. (中电电机股份有限公司) (603988.SH) reported a net profit of 13.1 million yuan in the first three quarters of 2023, down 67.1% year-on-year.

Meanwhile, the company posted 528 million yuan in revenue, down 5.1% year-on-year.

At the end of the reporting period, it had 1.1 billion yuan in total assets and 441.7 million yuan in total liabilities, with a liability-to-asset ratio of 41%.