Shanghai Morn Electric Equipment Co.,Ltd.’s Net Profit Rose 13.7% in 2022

Shanghai Morn Electric Equipment Co.,Ltd. (上海摩恩电气股份有限公司) (002451.SZ) reported a net profit of 17.5 million yuan in 2022, up 13.7% year-on-year.

Meanwhile, the company posted 1.1 billion yuan in revenue, down 5.6% year-on-year.

At the end of the reporting period, it had 1.6 billion yuan in total assets and 793.7 million yuan in total liabilities, with a liability-to-asset ratio of 48.3%.