Shanghai Guangdian Electric Group Co.,Ltd.’s Net Profit Dropped 56% in First Half of 2023

Shanghai Guangdian Electric Group Co.,Ltd. (上海广电电气(集团)股份有限公司) (601616.SH) reported a net profit of 23.3 million yuan in the first half of 2023, down 56% year-on-year.

Meanwhile, the company posted 386.9 million yuan in revenue, down 22.5% year-on-year.

At the end of the reporting period, it had 2.9 billion yuan in total assets and 387.9 million yuan in total liabilities, with a liability-to-asset ratio of 13.2%.