Shanghai Electric Wind Power Group Co.,Ltd. Posted 652.7 Million Yuan Net Loss in First Three Quarters of 2023

Shanghai Electric Wind Power Group Co.,Ltd. (上海电气风电集团股份有限公司) (688660.SH) reported a net loss of 652.7 million yuan in the first three quarters of 2023, reversing a net profit of 10.9 million yuan for the same period in the previous year.

Meanwhile, the company posted 5.9 billion yuan in revenue, down 11.6% year-on-year.

At the end of the reporting period, it had 30.9 billion yuan in total assets and 24.5 billion yuan in total liabilities, with a liability-to-asset ratio of 79%.