Shanghai Mechanical And Electrical Industry Co.,Ltd.’s Net Profit Dropped 16.5% in First Three Quarters of 2022

Shanghai Mechanical And Electrical Industry Co.,Ltd. (上海机电股份有限公司) (600835.SH) reported a net profit of 1.2 billion yuan in the first three quarters of 2022, down 16.5% year-on-year.

Meanwhile, the company posted 16.9 billion yuan in revenue, down 7.1% year-on-year.

At the end of the reporting period, it had 39.1 billion yuan in total assets and 23.8 billion yuan in total liabilities, with a liability-to-asset ratio of 60.8%.