Sep 01, 2021 08:00 AM

Xiangtan Electric Manufacturing Co.,Ltd. Posted 80.6 Million Yuan Net Profit in First Half of 2021

Xiangtan Electric Manufacturing Co.,Ltd. (湘潭电机股份有限公司) (600416.SH) reported a net profit of 80.6 million yuan in the first half of 2021, reversing a net loss of 167.7 million yuan for the same period in the previous year.

Meanwhile, the company posted 2.1 billion yuan in revenue, down 6.9% year-on-year.

At the end of the reporting period, it had 12.2 billion yuan in total assets and 7.7 billion yuan in total liabilities, with a liability-to-asset ratio of 63.4%.

This article was automatically produced by Caixin Automation on Sept. 1, 2021.

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