Shanghai Morn Electric Equipment Co.,Ltd. Posted 4.3 Million Yuan Net Profit in First Half of 2021

Shanghai Morn Electric Equipment Co.,Ltd. (上海摩恩电气股份有限公司) (002451.SZ) reported a net profit of 4.3 million yuan in the first half of 2021, reversing a net loss of 12.6 million yuan for the same period in the previous year.

Meanwhile, the company posted 455.1 million yuan in revenue, up 232.4% year-on-year.

At the end of the reporting period, it had 1.3 billion yuan in total assets and 535.3 million yuan in total liabilities, with a liability-to-asset ratio of 42.1%.

This article was automatically produced by Caixin Automation on Aug. 26, 2021.

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