Shanghai Sinotec Co.,Ltd.’s Net Profit Dropped 81.9% in First Three Quarters of 2022

Shanghai Sinotec Co.,Ltd. (上海华培动力科技(集团)股份有限公司) (603121.SH) reported a net profit of 11 million yuan in the first three quarters of 2022, down 81.9% year-on-year.

Meanwhile, the company posted 626.7 million yuan in revenue, down 11.2% year-on-year.

At the end of the reporting period, it had 1.7 billion yuan in total assets and 555 million yuan in total liabilities, with a liability-to-asset ratio of 33%.