Wolong Electric Group Co.,Ltd.’s Net Profit Rose 14.2% in First Three Quarters of 2023

Wolong Electric Group Co.,Ltd. (卧龙电气驱动集团股份有限公司) (600580.SH) reported a net profit of 1 billion yuan in the first three quarters of 2023, up 14.2% year-on-year.

Meanwhile, the company posted 12.4 billion yuan in revenue, up 10.4% year-on-year.

At the end of the reporting period, it had 25.5 billion yuan in total assets and 14.4 billion yuan in total liabilities, with a liability-to-asset ratio of 56.4%.