China Suntien Green Energy Corporation Limited’s Net Profit Dropped 10.2% in First Quarter of 2022

China Suntien Green Energy Corporation Limited (新天绿色能源股份有限公司) (600956.SH) reported a net profit of 1.2 billion yuan in the first quarter of 2022, down 10.2% year-on-year.

Meanwhile, the company posted 6.3 billion yuan in revenue, up 16.7% year-on-year.

At the end of the reporting period, it had 71.3 billion yuan in total assets and 47.1 billion yuan in total liabilities, with a liability-to-asset ratio of 66.1%.