Shenzhen Megmeet Electrical Co.,Ltd.’s Net Profit Rose 70.6% in First Half of 2023

Shenzhen Megmeet Electrical Co.,Ltd. (深圳麦格米特电气股份有限公司) (002851.SZ) reported a net profit of 388.9 million yuan in the first half of 2023, up 70.6% year-on-year.

Meanwhile, the company posted 3.3 billion yuan in revenue, up 21.5% year-on-year.

At the end of the reporting period, it had 9 billion yuan in total assets and 4.8 billion yuan in total liabilities, with a liability-to-asset ratio of 52.9%.