Shanghai Electric Wind Power Group Co.,Ltd. Posted 371.1 Million Yuan Net Loss in First Half of 2023

Shanghai Electric Wind Power Group Co.,Ltd. (上海电气风电集团股份有限公司) (688660.SH) reported a net loss of 371.1 million yuan in the first half of 2023, reversing a net profit of 140.7 million yuan for the same period in the previous year.

Meanwhile, the company posted 4.2 billion yuan in revenue, down 18.1% year-on-year.

At the end of the reporting period, it had 30.8 billion yuan in total assets and 24 billion yuan in total liabilities, with a liability-to-asset ratio of 78%.