Ming Yang Smart Energy Group Limited’s Net Profit Rose 97.2% in 2020

Ming Yang Smart Energy Group Limited (601615.SH) reported a net profit of 1.3 billion yuan in 2020, up 97.2% year-on-year.

Meanwhile, the company posted 22.5 billion yuan in revenue, up 114% year-on-year.

At the end of the reporting period, it had 51.6 billion yuan in total assets and 36.5 billion yuan in total liabilities, with a liability-to-asset ratio of 70.8%.

This article was automatically produced by Caixin Automation on April 22, 2021.

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