State Grid Information&Communication Co.,Ltd.’s Net Profit Dropped 18.3% in First Three Quarters of 2023

State Grid Information&Communication Co.,Ltd. (国网信息通信股份有限公司) (600131.SH) reported a net profit of 342.4 million yuan in the first three quarters of 2023, down 18.3% year-on-year.

Meanwhile, the company posted 3.9 billion yuan in revenue, down 15% year-on-year.

At the end of the reporting period, it had 11.6 billion yuan in total assets and 5.8 billion yuan in total liabilities, with a liability-to-asset ratio of 49.8%.