Shanghai Morn Electric Equipment Co.,Ltd.’s Net Profit Rose 39.2% in First Half of 2022

Shanghai Morn Electric Equipment Co.,Ltd. (上海摩恩电气股份有限公司) (002451.SZ) reported a net profit of 5.9 million yuan in the first half of 2022, up 39.2% year-on-year.

Meanwhile, the company posted 540.8 million yuan in revenue, up 18.8% year-on-year.

At the end of the reporting period, it had 1.5 billion yuan in total assets and 714.5 million yuan in total liabilities, with a liability-to-asset ratio of 46.3%.