Shan Xi Hua Yang Group New Energy Co.,Ltd.’s Net Profit Rose 87.2% in 2022

Shan Xi Hua Yang Group New Energy Co.,Ltd. (山西华阳集团新能股份有限公司) (600348.SH) reported a net profit of 8 billion yuan in 2022, up 87.2% year-on-year.

Meanwhile, the company posted 35 billion yuan in revenue, down 7.9% year-on-year.

At the end of the reporting period, it had 69.9 billion yuan in total assets and 40.3 billion yuan in total liabilities, with a liability-to-asset ratio of 57.7%.