Shanghai Electric Group Company Limited Posted 2.3 Billion Yuan Net Loss in 2022

Shanghai Electric Group Company Limited (上海电气集团股份有限公司) (601727.SH) reported a net loss of 2.3 billion yuan in 2022, narrowing 77.4% year-on-year.

Meanwhile, the company posted 117 billion yuan in revenue, down 9.7% year-on-year.

At the end of the reporting period, it had 288 billion yuan in total assets and 193.8 billion yuan in total liabilities, with a liability-to-asset ratio of 67.3%.