Wetown Electric Group Co.,Ltd.’s Net Profit Rose 75.8% in First Three Quarters of 2023

Wetown Electric Group Co.,Ltd. (威腾电气集团股份有限公司) (688226.SH) reported a net profit of 93.6 million yuan in the first three quarters of 2023, up 75.8% year-on-year.

Meanwhile, the company posted 2 billion yuan in revenue, up 78.8% year-on-year.

At the end of the reporting period, it had 2.9 billion yuan in total assets and 1.9 billion yuan in total liabilities, with a liability-to-asset ratio of 64.4%.