Longyan Zhuoyue New Energy Co.,Ltd.’s Net Profit Rose 74.6% in First Quarter of 2022

Longyan Zhuoyue New Energy Co.,Ltd. (龙岩卓越新能源股份有限公司) (688196.SH) reported a net profit of 100.1 million yuan in the first quarter of 2022, up 74.6% year-on-year.

Meanwhile, the company posted 1 billion yuan in revenue, up 142.6% year-on-year.

At the end of the reporting period, it had 2.7 billion yuan in total assets and 128.5 million yuan in total liabilities, with a liability-to-asset ratio of 4.8%.