Shanghai Electric Group Company Limited Posted 2.4 Billion Yuan Net Profit in First Three Quarters of 2023

Shanghai Electric Group Company Limited (上海电气集团股份有限公司) (601727.SH) reported a net profit of 2.4 billion yuan in the first three quarters of 2023, reversing a net loss of 278.9 million yuan for the same period in the previous year.

Meanwhile, the company posted 77.9 billion yuan in revenue, up 0.4% year-on-year.

At the end of the reporting period, it had 287.1 billion yuan in total assets and 205.8 billion yuan in total liabilities, with a liability-to-asset ratio of 71.7%.