Ningxia Jiaze New Energy Co.,Ltd.’s Net Profit Rose 204% in First Quarter of 2023

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 246 million yuan in the first quarter of 2023, up 204% year-on-year.

Meanwhile, the company posted 642.2 million yuan in revenue, up 136.3% year-on-year.

At the end of the reporting period, it had 18.9 billion yuan in total assets and 12.9 billion yuan in total liabilities, with a liability-to-asset ratio of 68.3%.