Shenzhen Sed Industry Co.,Ltd.’s Net Profit Dropped 91.2% in First Half of 2022

Shenzhen Sed Industry Co.,Ltd. (深圳市桑达实业股份有限公司) (000032.SZ) reported a net profit of 30.8 million yuan in the first half of 2022, down 91.2% year-on-year.

Meanwhile, the company posted 21.6 billion yuan in revenue, up 25.2% year-on-year.

At the end of the reporting period, it had 47.2 billion yuan in total assets and 38 billion yuan in total liabilities, with a liability-to-asset ratio of 80.5%.