Shanghai Step Electric Corporation Posted 124.7 Million Yuan Net Profit in First Half of 2023

Shanghai Step Electric Corporation (上海新时达电气股份有限公司) (002527.SZ) reported a net profit of 124.7 million yuan in the first half of 2023, reversing a net loss of 24.2 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.7 billion yuan in revenue, up 8.4% year-on-year.

At the end of the reporting period, it had 5 billion yuan in total assets and 2.9 billion yuan in total liabilities, with a liability-to-asset ratio of 59.2%.