Shanghai Guangdian Electric Group Co.,Ltd.’s Net Profit Rose 5.3% in First Half of 2022

Shanghai Guangdian Electric Group Co.,Ltd. (上海广电电气(集团)股份有限公司) (601616.SH) reported a net profit of 53.1 million yuan in the first half of 2022, up 5.3% year-on-year.

Meanwhile, the company posted 499.3 million yuan in revenue, up 5.5% year-on-year.

At the end of the reporting period, it had 3.1 billion yuan in total assets and 566.7 million yuan in total liabilities, with a liability-to-asset ratio of 18.1%.