Yantai Longyuan Power Technology Co.,Ltd. Posted 70.9 Million Yuan Net Profit in First Half of 2022

Yantai Longyuan Power Technology Co.,Ltd. (烟台龙源电力技术股份有限公司) (300105.SZ) reported a net profit of 70.9 million yuan in the first half of 2022, reversing a net loss of 14 million yuan for the same period in the previous year.

Meanwhile, the company posted 228.5 million yuan in revenue, up 61.6% year-on-year.

At the end of the reporting period, it had 2.4 billion yuan in total assets and 537.6 million yuan in total liabilities, with a liability-to-asset ratio of 22.2%.