Shanghai Electric Wind Power Group Co.,Ltd. Posted 338.1 Million Yuan Net Loss in 2022

Shanghai Electric Wind Power Group Co.,Ltd. (上海电气风电集团股份有限公司) (688660.SH) reported a net loss of 338.1 million yuan in 2022, reversing a net profit of 507 million yuan for the previous year.

Meanwhile, the company posted 12.1 billion yuan in revenue, down 48.6% year-on-year.

At the end of the reporting period, it had 30.2 billion yuan in total assets and 23.1 billion yuan in total liabilities, with a liability-to-asset ratio of 76.3%.