Ningbo Ronbay New Energy Technology Co.,Ltd.’s Net Profit Rose 129.5% in First Half of 2022

Ningbo Ronbay New Energy Technology Co.,Ltd. (宁波容百新能源科技股份有限公司) (688005.SH) reported a net profit of 735.2 million yuan in the first half of 2022, up 129.5% year-on-year.

Meanwhile, the company posted 11.6 billion yuan in revenue, up 221.6% year-on-year.

At the end of the reporting period, it had 22.6 billion yuan in total assets and 15.1 billion yuan in total liabilities, with a liability-to-asset ratio of 67%.