Shanghai Electric Wind Power Group Co.,Ltd.’s Net Profit Dropped 97.8% in First Three Quarters of 2022

Shanghai Electric Wind Power Group Co.,Ltd. (上海电气风电集团股份有限公司) (688660.SH) reported a net profit of 10.9 million yuan in the first three quarters of 2022, down 97.8% year-on-year.

Meanwhile, the company posted 6.7 billion yuan in revenue, down 65.6% year-on-year.

At the end of the reporting period, it had 27.2 billion yuan in total assets and 19.7 billion yuan in total liabilities, with a liability-to-asset ratio of 72.5%.