Ningbo Ronbay New Energy Technology Co.,Ltd.’s Net Profit Rose 8.9% in First Quarter of 2023

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 317.2 million yuan in the first quarter of 2023, up 8.9% year-on-year.

Meanwhile, the company posted 8.4 billion yuan in revenue, up 61.9% year-on-year.

At the end of the reporting period, it had 25.5 billion yuan in total assets and 16.6 billion yuan in total liabilities, with a liability-to-asset ratio of 65.4%.