Shanghai Electric Group Company Limited Posted 1.5 Billion Yuan Net Profit in First Half of 2023

Shanghai Electric Group Company Limited (上海电气集团股份有限公司) (601727.SH) reported a net profit of 1.5 billion yuan in the first half of 2023, reversing a net loss of 117.6 million yuan for the same period in the previous year.

Meanwhile, the company posted 52.9 billion yuan in revenue, up 5.5% year-on-year.

At the end of the reporting period, it had 289.6 billion yuan in total assets and 204.6 billion yuan in total liabilities, with a liability-to-asset ratio of 70.7%.