Shanghai Prosolar Resources Development Co.,Ltd.’s Net Profit Dropped 80% in 2022

Shanghai Prosolar Resources Development Co.,Ltd. (上海创兴资源开发股份有限公司) (600193.SH) reported a net profit of 4.6 million yuan in 2022, down 80% year-on-year.

Meanwhile, the company posted 263.7 million yuan in revenue, down 61.8% year-on-year.

At the end of the reporting period, it had 726.8 million yuan in total assets and 408.3 million yuan in total liabilities, with a liability-to-asset ratio of 56.2%.