Suwen Electric Energy Technology Co.,Ltd.’s Net Profit Dropped 16% in First Half of 2022

Suwen Electric Energy Technology Co.,Ltd. (苏文电能科技股份有限公司) (300982.SZ) reported a net profit of 107.3 million yuan in the first half of 2022, down 16% year-on-year.

Meanwhile, the company posted 893 million yuan in revenue, up 22.8% year-on-year.

At the end of the reporting period, it had 2.6 billion yuan in total assets and 1.1 billion yuan in total liabilities, with a liability-to-asset ratio of 41.5%.