Tbea Co.,Ltd.’s Net Profit Dropped 21.2% in First Three Quarters of 2023

Tbea Co.,Ltd. (特变电工股份有限公司) (600089.SH) reported a net profit of 12.7 billion yuan in the first three quarters of 2023, down 21.2% year-on-year.

Meanwhile, the company posted 73.6 billion yuan in revenue, up 4.7% year-on-year.

At the end of the reporting period, it had 196.3 billion yuan in total assets and 109.8 billion yuan in total liabilities, with a liability-to-asset ratio of 55.9%.