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.

Download our app to receive breaking news alerts and read the news on the go.

Follow the Chinese markets in real time with Caixin Global’s new stock database.