Shanghai Mechanical And Electrical Industry Co.,Ltd.’s Net Profit Rose 27% in First Quarter of 2023

Shanghai Mechanical And Electrical Industry Co.,Ltd. (上海机电股份有限公司) (600835.SH) reported a net profit of 353.1 million yuan in the first quarter of 2023, up 27% year-on-year.

Meanwhile, the company posted 4.5 billion yuan in revenue, up 14.7% year-on-year.

At the end of the reporting period, it had 38.8 billion yuan in total assets and 22.9 billion yuan in total liabilities, with a liability-to-asset ratio of 58.9%.