Shanghai Mechanical And Electrical Industry Co.,Ltd.’s Net Profit Rose 16.7% in First Half of 2023

Shanghai Mechanical And Electrical Industry Co.,Ltd. (上海机电股份有限公司) (600835.SH) reported a net profit of 838.1 million yuan in the first half of 2023, up 16.7% year-on-year.

Meanwhile, the company posted 10.9 billion yuan in revenue, up 22.1% year-on-year.

At the end of the reporting period, it had 39 billion yuan in total assets and 23.4 billion yuan in total liabilities, with a liability-to-asset ratio of 60.1%.