Wuxi Xinje Electric Co.,Ltd.’s Net Profit Dropped 12.7% in First Half of 2022

Wuxi Xinje Electric Co.,Ltd. (无锡信捷电气股份有限公司) (603416.SH) reported a net profit of 135.7 million yuan in the first half of 2022, down 12.7% year-on-year.

Meanwhile, the company posted 677.5 million yuan in revenue, up 6.9% year-on-year.

At the end of the reporting period, it had 2.6 billion yuan in total assets and 734.4 million yuan in total liabilities, with a liability-to-asset ratio of 28.1%.