Shenzhen Megmeet Electrical Co., LTD

Shenzhen Stock Exchange 002851.SZ

Shenzhen Megmeet Electrical Co., LTD Net Income Margin for the year ending December 31, 2023: 9.32%

Shenzhen Megmeet Electrical Co., LTD Net Income Margin is 9.32% for the year ending December 31, 2023, a 7.97% change year over year. Net Income Ratio, also known as the profit margin, is the ratio of net income to net sales, showing the percentage of revenue that remains as profit after all expenses are deducted.

Shenzhen Megmeet Electrical Co., LTD Net Income Margin for the year ending December 31, 2022 was 8.63%, a -7.78% change year over year.
Shenzhen Megmeet Electrical Co., LTD Net Income Margin for the year ending December 31, 2021 was 9.36%, a -21.60% change year over year.
Shenzhen Megmeet Electrical Co., LTD Net Income Margin for the year ending December 31, 2020 was 11.93%, a 17.65% change year over year.
Shenzhen Megmeet Electrical Co., LTD Net Income Margin for the year ending December 31, 2019 was 10.14%, a 20.15% change year over year.

Key data

Date	Net Income Margin	EBITDA Margin	EBIT Margin	EBITDA

Shenzhen Stock Exchange: 002851.SZ

Shenzhen Megmeet Electrical Co., LTD

CEO	Mr. Yongsheng Tong
IPO Date	March 7, 2017
Location	China
Headquarters	United Headquarters Building
Employees	6,543
Sector	Technology
Industries Hardware & Electronics Electricity Machinery

Description

Shenzhen Megmeet Electrical Co., LTD engages in the research and development, production, sales, and services of hardware, software, and system solutions for electrical automation in China. The company offers industrial power supply products, including 5G communication and medical power supply; and industrial automation process for use in machinery manufacturing, electric power, construction, and transportation fields. It also provides smart home appliances consisting of display power supply, smart sanitary ware, flat panel and commercial display, and inverter household appliances; new energy vehicles and charging piles; and rail transit products. The company's products are used in commercial displays, frequency conversion household appliances, smart bathrooms, medical treatment, communications, smart equipment, new energy vehicles, rail transit, smart oil production, and various other consumer and industrial industries. It also operates in the United States, Sweden, Germany, India, and Thailand, and internationally. Shenzhen Megmeet Electrical Co., LTD is based in Shenzhen, China.

Key trends

Past 5 years