Zhejiang Tengen Electrics Co.,Ltd.’s Net Profit Rose 56.5% in First Three Quarters of 2023

Zhejiang Tengen Electrics Co.,Ltd. (浙江天正电气股份有限公司) (605066.SH) reported a net profit of 148.5 million yuan in the first three quarters of 2023, up 56.5% year-on-year.

Meanwhile, the company posted 2.1 billion yuan in revenue, up 13.3% year-on-year.

At the end of the reporting period, it had 3.3 billion yuan in total assets and 1.5 billion yuan in total liabilities, with a liability-to-asset ratio of 44.8%.