Ningbo Ronbay New Energy Technology Co.,Ltd.’s Net Profit Rose 144.1% in First Quarter of 2022

Ningbo Ronbay New Energy Technology Co.,Ltd. (宁波容百新能源科技股份有限公司) (688005.SH) reported a net profit of 291.2 million yuan in the first quarter of 2022, up 144.1% year-on-year.

Meanwhile, the company posted 5.2 billion yuan in revenue, up 270.8% year-on-year.

At the end of the reporting period, it had 18.2 billion yuan in total assets and 12.5 billion yuan in total liabilities, with a liability-to-asset ratio of 68.4%.