Shanghai Step Electric Corporation Posted 79.7 Million Yuan Net Profit in First Three Quarters of 2023

Shanghai Step Electric Corporation (上海新时达电气股份有限公司) (002527.SZ) reported a net profit of 79.7 million yuan in the first three quarters of 2023, reversing a net loss of 43.2 million yuan for the same period in the previous year.

Meanwhile, the company posted 2.6 billion yuan in revenue, up 7.4% year-on-year.

At the end of the reporting period, it had 4.8 billion yuan in total assets and 2.8 billion yuan in total liabilities, with a liability-to-asset ratio of 58.3%.