Shanghai Mechanical & Electrical Industry Co.Ltd(600835) 3 released the annual report for 2021 on March 24. In 2021, the revenue reached 24.717 billion yuan, a year-on-year increase of 5.65%; The net profit attributable to shareholders of listed companies was 811 million yuan, a year-on-year decrease of 28.23%.
According to the announcement, the net profit attributable to the shareholders of Listed Companies in 2021 decreased compared with the same period of the previous year mainly due to the provision for impairment of receivables of Evergrande group and its member enterprises.
The company’s business involves elevator manufacturing, refrigeration and air conditioning equipment manufacturing, printing and packaging machinery manufacturing, hydraulic product manufacturing, welding equipment manufacturing, wood-based panel machinery manufacturing, engineering machinery manufacturing and motor manufacturing. Joint venture cooperation with Mitsubishi Electric, nabotsk, carrier, regoboroit, Dechang, abb and other world-famous enterprises.
