Apr 27, 2022 08:00 AM

Shanghai Morn Electric Equipment Co.,Ltd.’s Net Profit Rose 283.4% in First Quarter of 2022

By Caixin Automation

Shanghai Morn Electric Equipment Co.,Ltd. (上海摩恩电气股份有限公司) (002451.SZ) reported a net profit of 9.8 million yuan in the first quarter of 2022, up 283.4% year-on-year.

Meanwhile, the company posted 256.3 million yuan in revenue, up 53.5% year-on-year.

At the end of the reporting period, it had 1.4 billion yuan in total assets and 549 million yuan in total liabilities, with a liability-to-asset ratio of 39.1%.

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