Henan Yicheng New Energy Co.,Ltd. Posted 562.2 Million Yuan Net Profit in 2022

Henan Yicheng New Energy Co.,Ltd. (河南易成新能源股份有限公司) (300080.SZ) reported a net profit of 562.2 million yuan in 2022, reversing a net loss of 254.7 million yuan for the previous year.

Meanwhile, the company posted 11.2 billion yuan in revenue, up 94.6% year-on-year.

At the end of the reporting period, it had 13.4 billion yuan in total assets and 7 billion yuan in total liabilities, with a liability-to-asset ratio of 51.8%.