Shanghai Electric Wind Power Group Co.,Ltd.’s Net Profit Dropped 60% in First Half of 2022

Shanghai Electric Wind Power Group Co.,Ltd. (上海电气风电集团股份有限公司) (688660.SH) reported a net profit of 140.7 million yuan in the first half of 2022, down 60% year-on-year.

Meanwhile, the company posted 5.2 billion yuan in revenue, down 57.7% year-on-year.

At the end of the reporting period, it had 25.6 billion yuan in total assets and 18 billion yuan in total liabilities, with a liability-to-asset ratio of 70.2%.