Shanghai Guangdian Electric Group Co.,Ltd.’s Net Profit Dropped 69.5% in First Three Quarters of 2023

Shanghai Guangdian Electric Group Co.,Ltd. (上海广电电气(集团)股份有限公司) (601616.SH) reported a net profit of 29.6 million yuan in the first three quarters of 2023, down 69.5% year-on-year.

Meanwhile, the company posted 557.5 million yuan in revenue, down 29.7% year-on-year.

At the end of the reporting period, it had 3 billion yuan in total assets and 398.8 million yuan in total liabilities, with a liability-to-asset ratio of 13.5%.