Jinneng Science&Technology Co.,Ltd.’s Net Profit Dropped 73.9% in First Quarter of 2022

Jinneng Science&Technology Co.,Ltd. (金能科技股份有限公司) (603113.SH) reported a net profit of 124.1 million yuan in the first quarter of 2022, down 73.9% year-on-year.

Meanwhile, the company posted 4.5 billion yuan in revenue, up 75.5% year-on-year.

At the end of the reporting period, it had 14.5 billion yuan in total assets and 5.6 billion yuan in total liabilities, with a liability-to-asset ratio of 38.6%.