Sineng Electric Co.,Ltd.’s Net Profit Rose 359% in First Three Quarters of 2023

Sineng Electric Co.,Ltd. (上能电气股份有限公司) (300827.SZ) reported a net profit of 208.5 million yuan in the first three quarters of 2023, up 359% year-on-year.

Meanwhile, the company posted 3.3 billion yuan in revenue, up 210.6% year-on-year.

At the end of the reporting period, it had 5.9 billion yuan in total assets and 4.3 billion yuan in total liabilities, with a liability-to-asset ratio of 72.5%.