Apr 30, 2022 08:00 AM

Ningxia Jiaze New Energy Co.,Ltd.’s Net Profit Rose 100% in First Quarter of 2022

By Caixin Automation

Ningxia Jiaze New Energy Co.,Ltd. (宁夏嘉泽新能源股份有限公司) (601619.SH) reported a net profit of 199.1 million yuan in the first quarter of 2022, up 100% year-on-year.

Meanwhile, the company posted 271.8 million yuan in revenue, down 14.2% year-on-year.

At the end of the reporting period, it had 12.3 billion yuan in total assets and 6.8 billion yuan in total liabilities, with a liability-to-asset ratio of 55.4%.

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