Shanghai Moons'Electric Co.,Ltd.’s Net Profit Dropped 31.6% in First Quarter of 2022

Shanghai Moons'Electric Co.,Ltd. (上海鸣志电器股份有限公司) (603728.SH) reported a net profit of 39.3 million yuan in the first quarter of 2022, down 31.6% year-on-year.

Meanwhile, the company posted 675.8 million yuan in revenue, up 10% year-on-year.

At the end of the reporting period, it had 3.3 billion yuan in total assets and 827.4 million yuan in total liabilities, with a liability-to-asset ratio of 25%.