Shanghai Morn Electric Equipment Co.,Ltd.’s Net Profit Rose 17.1% in First Half of 2023

Shanghai Morn Electric Equipment Co.,Ltd. (上海摩恩电气股份有限公司) (002451.SZ) reported a net profit of 6.9 million yuan in the first half of 2023, up 17.1% year-on-year.

Meanwhile, the company posted 562.6 million yuan in revenue, up 4% year-on-year.

At the end of the reporting period, it had 1.7 billion yuan in total assets and 824.6 million yuan in total liabilities, with a liability-to-asset ratio of 49.2%.