Jiangsu Linyang Energy Co.,Ltd.’s Net Profit Dropped 23.2% in First Half of 2022

Jiangsu Linyang Energy Co.,Ltd. (江苏林洋能源股份有限公司) (601222.SH) reported a net profit of 418.3 million yuan in the first half of 2022, down 23.2% year-on-year.

Meanwhile, the company posted 2.3 billion yuan in revenue, down 14.3% year-on-year.

At the end of the reporting period, it had 19.7 billion yuan in total assets and 5.2 billion yuan in total liabilities, with a liability-to-asset ratio of 26.2%.