Sumec Corporation Limited’s Net Profit Rose 20.7% in First Half of 2022

Sumec Corporation Limited (苏美达股份有限公司) (600710.SH) reported a net profit of 1.3 billion yuan in the first half of 2022, up 20.7% year-on-year.

Meanwhile, the company posted 76.6 billion yuan in revenue, down 3.3% year-on-year.

At the end of the reporting period, it had 59.4 billion yuan in total assets and 47.3 billion yuan in total liabilities, with a liability-to-asset ratio of 79.8%.