Henan Yicheng New Energy Co.,Ltd. Posted 35.5 Million Yuan Net Profit in First Quarter of 2022

Henan Yicheng New Energy Co.,Ltd. (河南易成新能源股份有限公司) (300080.SZ) reported a net profit of 35.5 million yuan in the first quarter of 2022, reversing a net loss of 1.5 million yuan for the same period in the previous year.

Meanwhile, the company posted 2.1 billion yuan in revenue, up 45.7% year-on-year.

At the end of the reporting period, it had 10.9 billion yuan in total assets and 5.4 billion yuan in total liabilities, with a liability-to-asset ratio of 49.4%.