May 06, 2022 08:00 AM

Shanghai Prosolar Resources Development Co.,Ltd.’s Net Profit Rose 14% in First Quarter of 2022

By Caixin Automation

Shanghai Prosolar Resources Development Co.,Ltd. (上海创兴资源开发股份有限公司) (600193.SH) reported a net profit of 8.5 million yuan in the first quarter of 2022, up 14% year-on-year.

Meanwhile, the company posted 69.7 million yuan in revenue, down 55.8% year-on-year.

At the end of the reporting period, it had 737.4 million yuan in total assets and 416.1 million yuan in total liabilities, with a liability-to-asset ratio of 56.4%.

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