Shanghai Electric Wind Power Group Co.,Ltd.’s Net Profit Dropped 2.2% in First Quarter of 2022

Shanghai Electric Wind Power Group Co.,Ltd. (上海电气风电集团股份有限公司) (688660.SH) reported a net profit of 131.5 million yuan in the first quarter of 2022, down 2.2% year-on-year.

Meanwhile, the company posted 4.5 billion yuan in revenue, up 2.4% year-on-year.

At the end of the reporting period, it had 27.6 billion yuan in total assets and 19.8 billion yuan in total liabilities, with a liability-to-asset ratio of 71.9%.