Taiyuan Heavy Industry Co.,Ltd.’s Net Profit Rose 51.6% in First Three Quarters of 2023

Taiyuan Heavy Industry Co.,Ltd. (太原重工股份有限公司) (600169.SH) reported a net profit of 150.8 million yuan in the first three quarters of 2023, up 51.6% year-on-year.

Meanwhile, the company posted 6.6 billion yuan in revenue, up 8.6% year-on-year.

At the end of the reporting period, it had 32.8 billion yuan in total assets and 26.2 billion yuan in total liabilities, with a liability-to-asset ratio of 80%.