Sec Electric Machinery Co.,Ltd.’s Net Profit Dropped 73.4% in First Quarter of 2023

Sec Electric Machinery Co.,Ltd. (中电电机股份有限公司) (603988.SH) reported a net profit of 3.6 million yuan in the first quarter of 2023, down 73.4% year-on-year.

Meanwhile, the company posted 181.3 million yuan in revenue, down 6.4% year-on-year.

At the end of the reporting period, it had 1.2 billion yuan in total assets and 548 million yuan in total liabilities, with a liability-to-asset ratio of 46.1%.