Sec Electric Machinery Co.,Ltd.’s Net Profit Dropped 70.7% in First Half of 2023

Sec Electric Machinery Co.,Ltd. (中电电机股份有限公司) (603988.SH) reported a net profit of 10.3 million yuan in the first half of 2023, down 70.7% year-on-year.

Meanwhile, the company posted 352.3 million yuan in revenue, down 9.7% year-on-year.

At the end of the reporting period, it had 1.2 billion yuan in total assets and 503 million yuan in total liabilities, with a liability-to-asset ratio of 43.7%.