Zhejiang Provincial New Energy Investment Group Co.,Ltd.’s Net Profit Dropped 25.2% in First Three Quarters of 2023

Zhejiang Provincial New Energy Investment Group Co.,Ltd. (浙江省新能源投资集团股份有限公司) (600032.SH) reported a net profit of 886.8 million yuan in the first three quarters of 2023, down 25.2% year-on-year.

Meanwhile, the company posted 3.5 billion yuan in revenue, down 4% year-on-year.

At the end of the reporting period, it had 51.4 billion yuan in total assets and 33.3 billion yuan in total liabilities, with a liability-to-asset ratio of 64.8%.