Shanghai Zhenhua Heavy Industries Co.,Ltd.’s Net Profit Rose 96.7% in First Three Quarters of 2023

Shanghai Zhenhua Heavy Industries Co.,Ltd. (上海振华重工(集团)股份有限公司) (600320.SH) reported a net profit of 443.8 million yuan in the first three quarters of 2023, up 96.7% year-on-year.

Meanwhile, the company posted 22.5 billion yuan in revenue, up 18.6% year-on-year.

At the end of the reporting period, it had 84.5 billion yuan in total assets and 65.9 billion yuan in total liabilities, with a liability-to-asset ratio of 78%.