Ming Yang Smart Energy Group Limited’s Net Profit Rose 65% in First Three Quarters 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 3.6 billion yuan in the first three quarters of 2022, up 65% year-on-year.

Meanwhile, the company posted 21.7 billion yuan in revenue, up 17.2% year-on-year.

At the end of the reporting period, it had 65.9 billion yuan in total assets and 37.6 billion yuan in total liabilities, with a liability-to-asset ratio of 57.1%.