Shan Xi Hua Yang Group New Energy Co.,Ltd.’s Net Profit Dropped 13.8% in First Three Quarters of 2023

Shan Xi Hua Yang Group New Energy Co.,Ltd. (山西华阳集团新能股份有限公司) (600348.SH) reported a net profit of 4.9 billion yuan in the first three quarters of 2023, down 13.8% year-on-year.

Meanwhile, the company posted 21.7 billion yuan in revenue, down 20.7% year-on-year.

At the end of the reporting period, it had 70.3 billion yuan in total assets and 38.3 billion yuan in total liabilities, with a liability-to-asset ratio of 54.5%.