Ningxia Jiaze New Energy Co.,Ltd.’s Net Profit Dropped 30.5% in 2022

Ningxia Jiaze New Energy Co.,Ltd. (宁夏嘉泽新能源股份有限公司) (601619.SH) reported a net profit of 535.7 million yuan in 2022, down 30.5% year-on-year.

Meanwhile, the company posted 1.8 billion yuan in revenue, up 27.3% year-on-year.

At the end of the reporting period, it had 19 billion yuan in total assets and 13.2 billion yuan in total liabilities, with a liability-to-asset ratio of 69.8%.