Tongwei Co.,Ltd.’s Net Profit Dropped 20.1% in First Three Quarters of 2023

Tongwei Co.,Ltd. (通威股份有限公司) (600438.SH) reported a net profit of 20.9 billion yuan in the first three quarters of 2023, down 20.1% year-on-year.

Meanwhile, the company posted 111.4 billion yuan in revenue, up 9.1% year-on-year.

At the end of the reporting period, it had 168.2 billion yuan in total assets and 91.7 billion yuan in total liabilities, with a liability-to-asset ratio of 54.5%.