Sec Electric Machinery Co.,Ltd.’s Net Profit Dropped 28.8% in First Half of 2022

Sec Electric Machinery Co.,Ltd. (中电电机股份有限公司) (603988.SH) reported a net profit of 35.1 million yuan in the first half of 2022, down 28.8% year-on-year.

Meanwhile, the company posted 390.2 million yuan in revenue, up 11.7% year-on-year.

At the end of the reporting period, it had 1.1 billion yuan in total assets and 520.5 million yuan in total liabilities, with a liability-to-asset ratio of 45.9%.