Shanghai Guangdian Electric Group Co.,Ltd.’s Net Profit Dropped 23.7% in 2022

Shanghai Guangdian Electric Group Co.,Ltd. (上海广电电气(集团)股份有限公司) (601616.SH) reported a net profit of 85.6 million yuan in 2022, down 23.7% year-on-year.

Meanwhile, the company posted 1 billion yuan in revenue, down 2.1% year-on-year.

At the end of the reporting period, it had 3.1 billion yuan in total assets and 460.5 million yuan in total liabilities, with a liability-to-asset ratio of 15.1%.