Changzhou Shichuang Energy Co.,Ltd.’s Net Profit Dropped 12.3% in First Three Quarters of 2023

Changzhou Shichuang Energy Co.,Ltd. (常州时创能源股份有限公司) (688429.SH) reported a net profit of 162.5 million yuan in the first three quarters of 2023, down 12.3% year-on-year.

Meanwhile, the company posted 1.3 billion yuan in revenue, down 20.8% year-on-year.

At the end of the reporting period, it had 3.1 billion yuan in total assets and 845.4 million yuan in total liabilities, with a liability-to-asset ratio of 27%.