Sec Electric Machinery Co.,Ltd.’s Net Profit Dropped 75.4% in First Quarter of 2022

Sec Electric Machinery Co.,Ltd. (中电电机股份有限公司) (603988.SH) reported a net profit of 13.4 million yuan in the first quarter of 2022, down 75.4% year-on-year.

Meanwhile, the company posted 193.8 million yuan in revenue, up 36.5% year-on-year.

At the end of the reporting period, it had 1.2 billion yuan in total assets and 563.2 million yuan in total liabilities, with a liability-to-asset ratio of 48.2%.