Guangdong Baolihua New Energy Stock Co.,Ltd.’s Net Profit Dropped 95.9% in First Quarter of 2022

Guangdong Baolihua New Energy Stock Co.,Ltd. (广东宝丽华新能源股份有限公司) (000690.SZ) reported a net profit of 3.8 million yuan in the first quarter of 2022, down 95.9% year-on-year.

Meanwhile, the company posted 2.2 billion yuan in revenue, up 10.5% year-on-year.

At the end of the reporting period, it had 19.3 billion yuan in total assets and 8.1 billion yuan in total liabilities, with a liability-to-asset ratio of 42%.