Jiangsu Shemar Electric Co.,Ltd.’s Net Profit Rose 158.3% in First Half of 2023

Jiangsu Shemar Electric Co.,Ltd. (江苏神马电力股份有限公司) (603530.SH) reported a net profit of 50.8 million yuan in the first half of 2023, up 158.3% year-on-year.

Meanwhile, the company posted 415.7 million yuan in revenue, up 11.9% year-on-year.

At the end of the reporting period, it had 1.9 billion yuan in total assets and 283.6 million yuan in total liabilities, with a liability-to-asset ratio of 14.9%.