Ningxia Jiaze New Energy Co.,Ltd.’s Net Profit Dropped 9.9% in First Half of 2022

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 228.3 million yuan in the first half of 2022, down 9.9% year-on-year.

Meanwhile, the company posted 753.7 million yuan in revenue, up 5.9% year-on-year.

At the end of the reporting period, it had 17.6 billion yuan in total assets and 11.9 billion yuan in total liabilities, with a liability-to-asset ratio of 67.3%.