Ningbo Ronbay New Energy Technology Co.,Ltd.’s Net Profit Rose 51.3% in 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 1.4 billion yuan in 2022, up 51.3% year-on-year.

Meanwhile, the company posted 30.1 billion yuan in revenue, up 193.6% year-on-year.

At the end of the reporting period, it had 25.7 billion yuan in total assets and 17.1 billion yuan in total liabilities, with a liability-to-asset ratio of 66.7%.