Triumph New Energy Company Limited’s Net Profit Dropped 16.4% in First Three Quarters of 2023

Triumph New Energy Company Limited (凯盛新能源股份有限公司) (600876.SH) reported a net profit of 245.4 million yuan in the first three quarters of 2023, down 16.4% year-on-year.

Meanwhile, the company posted 4.7 billion yuan in revenue, up 40.3% year-on-year.

At the end of the reporting period, it had 11.7 billion yuan in total assets and 6.8 billion yuan in total liabilities, with a liability-to-asset ratio of 58.6%.