Sieyuan Electric Co.,Ltd.’s Net Profit Rose 48% in First Half of 2023

Sieyuan Electric Co.,Ltd. (思源电气股份有限公司) (002028.SZ) reported a net profit of 727.2 million yuan in the first half of 2023, up 48% year-on-year.

Meanwhile, the company posted 5.3 billion yuan in revenue, up 22% year-on-year.

At the end of the reporting period, it had 16 billion yuan in total assets and 6.1 billion yuan in total liabilities, with a liability-to-asset ratio of 38.3%.