Ning Xia Yin Xing Energy Co.,Ltd.’s Net Profit Dropped 63.1% in First Quarter of 2022

Ning Xia Yin Xing Energy Co.,Ltd. (宁夏银星能源股份有限公司) (000862.SZ) reported a net profit of 28.4 million yuan in the first quarter of 2022, down 63.1% year-on-year.

Meanwhile, the company posted 284 million yuan in revenue, down 14.2% year-on-year.

At the end of the reporting period, it had 7.4 billion yuan in total assets and 4.6 billion yuan in total liabilities, with a liability-to-asset ratio of 61.8%.