Shenzhen Megmeet Electrical Co.,Ltd.’s Net Profit Dropped 7.9% in First Quarter of 2022

Shenzhen Megmeet Electrical Co.,Ltd. (深圳麦格米特电气股份有限公司) (002851.SZ) reported a net profit of 74.1 million yuan in the first quarter of 2022, down 7.9% year-on-year.

Meanwhile, the company posted 1.2 billion yuan in revenue, up 34.1% year-on-year.

At the end of the reporting period, it had 6.6 billion yuan in total assets and 3.3 billion yuan in total liabilities, with a liability-to-asset ratio of 50.1%.