Shenzhen Megmeet Electrical Co.,Ltd.’s Net Profit Dropped 4.5% in First Three Quarters of 2022

Shenzhen Megmeet Electrical Co.,Ltd. (深圳麦格米特电气股份有限公司) (002851.SZ) reported a net profit of 307.1 million yuan in the first three quarters of 2022, down 4.5% year-on-year.

Meanwhile, the company posted 4 billion yuan in revenue, up 36.4% year-on-year.

At the end of the reporting period, it had 7.1 billion yuan in total assets and 3.6 billion yuan in total liabilities, with a liability-to-asset ratio of 51%.