Jointo Energy Investment Co.,Ltd.Hebei’s Net Profit Dropped 68.6% in First Quarter of 2022

Jointo Energy Investment Co.,Ltd.Hebei (河北建投能源投资股份有限公司) (000600.SZ) reported a net profit of 115.6 million yuan in the first quarter of 2022, down 68.6% year-on-year.

Meanwhile, the company posted 5.4 billion yuan in revenue, up 19.6% year-on-year.

At the end of the reporting period, it had 37.6 billion yuan in total assets and 25.3 billion yuan in total liabilities, with a liability-to-asset ratio of 67.4%.