Yantai Longyuan Power Technology Co.,Ltd. Posted 71.4 Million Yuan Net Profit in First Three Quarters 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 71.4 million yuan in the first three quarters of 2022, reversing a net loss of 23.6 million yuan for the same period in the previous year.

Meanwhile, the company posted 338 million yuan in revenue, up 59.4% year-on-year.

At the end of the reporting period, it had 2.4 billion yuan in total assets and 518.8 million yuan in total liabilities, with a liability-to-asset ratio of 21.6%.