Far East Smarter Energy Co.,Ltd.’s Net Profit Dropped 24.5% in First Quarter of 2022

Far East Smarter Energy Co.,Ltd. (远东智慧能源股份有限公司) (600869.SH) reported a net profit of 94.1 million yuan in the first quarter of 2022, down 24.5% year-on-year.

Meanwhile, the company posted 4.2 billion yuan in revenue, up 11.3% year-on-year.

At the end of the reporting period, it had 17.9 billion yuan in total assets and 14 billion yuan in total liabilities, with a liability-to-asset ratio of 78.1%.