Sec Electric Machinery Co.,Ltd.’s Net Profit Rose 270.3% in First Three Quarters of 2022

Sec Electric Machinery Co.,Ltd. (中电电机股份有限公司) (603988.SH) reported a net profit of 39.8 million yuan in the first three quarters of 2022, up 270.3% year-on-year.

Meanwhile, the company posted 556.4 million yuan in revenue, up 0.2% year-on-year.

At the end of the reporting period, it had 1.2 billion yuan in total assets and 543 million yuan in total liabilities, with a liability-to-asset ratio of 46.8%.