Ming Yang Smart Energy Group Limited’s Net Profit Rose 129.6% in First Half of 2022

Ming Yang Smart Energy Group Limited (明阳智慧能源集团股份公司) (601615.SH) reported a net profit of 2.4 billion yuan in the first half of 2022, up 129.6% year-on-year.

Meanwhile, the company posted 14.2 billion yuan in revenue, up 27.2% year-on-year.

At the end of the reporting period, it had 61.6 billion yuan in total assets and 39 billion yuan in total liabilities, with a liability-to-asset ratio of 63.4%.