Sieyuan Electric Co.,Ltd.’s Net Profit Dropped 12.1% in First Three Quarters of 2022

Sieyuan Electric Co.,Ltd. (思源电气股份有限公司) (002028.SZ) reported a net profit of 827.1 million yuan in the first three quarters of 2022, down 12.1% year-on-year.

Meanwhile, the company posted 7 billion yuan in revenue, up 14.4% year-on-year.

At the end of the reporting period, it had 15 billion yuan in total assets and 5.8 billion yuan in total liabilities, with a liability-to-asset ratio of 38.8%.