Shanghai Morn Electric Equipment Co.,Ltd.’s Net Profit Rose 24.6% in First Three Quarters of 2022

Shanghai Morn Electric Equipment Co.,Ltd. (上海摩恩电气股份有限公司) (002451.SZ) reported a net profit of 12 million yuan in the first three quarters of 2022, up 24.6% year-on-year.

Meanwhile, the company posted 812.2 million yuan in revenue, down 2.5% year-on-year.

At the end of the reporting period, it had 1.5 billion yuan in total assets and 688.5 million yuan in total liabilities, with a liability-to-asset ratio of 45.2%.