Shanghai Liangxin Electrical Co.,Ltd.’s Net Profit Rose 18.8% in First Three Quarters of 2023

Shanghai Liangxin Electrical Co.,Ltd. (上海良信电器股份有限公司) (002706.SZ) reported a net profit of 414.5 million yuan in the first three quarters of 2023, up 18.8% year-on-year.

Meanwhile, the company posted 3.5 billion yuan in revenue, up 16.6% year-on-year.

At the end of the reporting period, it had 5.6 billion yuan in total assets and 1.6 billion yuan in total liabilities, with a liability-to-asset ratio of 28.8%.