Jiangsu Linyang Energy Co.,Ltd.’s Net Profit Rose 4.7% in First Quarter of 2022

Jiangsu Linyang Energy Co.,Ltd. (江苏林洋能源股份有限公司) (601222.SH) reported a net profit of 180.9 million yuan in the first quarter of 2022, up 4.7% year-on-year.

Meanwhile, the company posted 1 billion yuan in revenue, up 2.9% year-on-year.

At the end of the reporting period, it had 20.3 billion yuan in total assets and 5.6 billion yuan in total liabilities, with a liability-to-asset ratio of 27.3%.