Shanghai Zhixin Electric Co.,Ltd.’s Net Profit Dropped 4.7% in First Half of 2022

Shanghai Zhixin Electric Co.,Ltd. (国网英大股份有限公司) (600517.SH) reported a net profit of 808.3 million yuan in the first half of 2022, down 4.7% year-on-year.

Meanwhile, the company posted 2.5 billion yuan in revenue, up 21.6% year-on-year.

At the end of the reporting period, it had 45.3 billion yuan in total assets and 23.7 billion yuan in total liabilities, with a liability-to-asset ratio of 52.2%.