Sec Electric Machinery Co.,Ltd.’s Net Profit Rose 29.2% in 2022

Sec Electric Machinery Co.,Ltd. (中电电机股份有限公司) (603988.SH) reported a net profit of 51.6 million yuan in 2022, up 29.2% year-on-year.

Meanwhile, the company posted 859.9 million yuan in revenue, up 5% year-on-year.

At the end of the reporting period, it had 1.2 billion yuan in total assets and 545.4 million yuan in total liabilities, with a liability-to-asset ratio of 46.3%.