Shanghai Morn Electric Equipment Co.,Ltd.’s Net Profit Dropped 8% in First Three Quarters of 2023

Shanghai Morn Electric Equipment Co.,Ltd. (上海摩恩电气股份有限公司) (002451.SZ) reported a net profit of 11.1 million yuan in the first three quarters of 2023, down 8% year-on-year.

Meanwhile, the company posted 818.6 million yuan in revenue, up 0.8% year-on-year.

At the end of the reporting period, it had 1.6 billion yuan in total assets and 798.9 million yuan in total liabilities, with a liability-to-asset ratio of 48.5%.