Shanghai Mechanical And Electrical Industry Co.,Ltd.’s Net Profit Dropped 26.7% in First Half of 2022

Shanghai Mechanical And Electrical Industry Co.,Ltd. (上海机电股份有限公司) (600835.SH) reported a net profit of 718.2 million yuan in the first half of 2022, down 26.7% year-on-year.

Meanwhile, the company posted 8.9 billion yuan in revenue, down 22% year-on-year.

At the end of the reporting period, it had 39.3 billion yuan in total assets and 24.5 billion yuan in total liabilities, with a liability-to-asset ratio of 62.3%.