Shanghai Mechanical And Electrical Industry Co.,Ltd.’s Net Profit Rose 30.8% in 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 1.5 billion yuan in 2022, up 30.8% year-on-year.

Meanwhile, the company posted 23.6 billion yuan in revenue, down 4.6% year-on-year.

At the end of the reporting period, it had 37.5 billion yuan in total assets and 21.9 billion yuan in total liabilities, with a liability-to-asset ratio of 58.5%.