Sec Electric Machinery Co.,Ltd.’s Net Profit Dropped 93.8% in First Three Quarters of 2021

Sec Electric Machinery Co.,Ltd. (中电电机股份有限公司) (603988.SH) reported a net profit of 10.8 million yuan in the first three quarters of 2021, down 93.8% year-on-year.

Meanwhile, the company posted 555.6 million yuan in revenue, down 9.4% year-on-year.

At the end of the reporting period, it had 1.1 billion yuan in total assets and 545.6 million yuan in total liabilities, with a liability-to-asset ratio of 49.2%.

This article was automatically produced by Caixin Automation on Nov. 3, 2021.

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