Sieyuan Electric Co.,Ltd.’s Net Profit Dropped 19% in First Half of 2022

Sieyuan Electric Co.,Ltd. (思源电气股份有限公司) (002028.SZ) reported a net profit of 491.5 million yuan in the first half of 2022, down 19% year-on-year.

Meanwhile, the company posted 4.3 billion yuan in revenue, up 13.2% year-on-year.

At the end of the reporting period, it had 14 billion yuan in total assets and 5 billion yuan in total liabilities, with a liability-to-asset ratio of 36%.