Risen Energy Co.,Ltd. Posted 1 Billion Yuan Net Profit in 2022

Risen Energy Co.,Ltd. (东方日升新能源股份有限公司) (300118.SZ) reported a net profit of 1 billion yuan in 2022, reversing a net loss of 14.9 million yuan for the previous year.

Meanwhile, the company posted 29.4 billion yuan in revenue, up 56% year-on-year.

At the end of the reporting period, it had 38.3 billion yuan in total assets and 27.9 billion yuan in total liabilities, with a liability-to-asset ratio of 72.8%.