Shanxi Lu'An Environmental Energy Development Co.,Ltd.’s Net Profit Rose 69.3% in First Quarter of 2022

Shanxi Lu'An Environmental Energy Development Co.,Ltd. (山西潞安环保能源开发股份有限公司) (601699.SH) reported a net profit of 2.8 billion yuan in the first quarter of 2022, up 69.3% year-on-year.

Meanwhile, the company posted 13.9 billion yuan in revenue, up 78.6% year-on-year.

At the end of the reporting period, it had 97.7 billion yuan in total assets and 60.8 billion yuan in total liabilities, with a liability-to-asset ratio of 62.2%.