Jiangsu Linyang Energy Co.,Ltd.’s Net Profit Dropped 7.3% in 2022

Jiangsu Linyang Energy Co.,Ltd. (江苏林洋能源股份有限公司) (601222.SH) reported a net profit of 864.2 million yuan in 2022, down 7.3% year-on-year.

Meanwhile, the company posted 4.9 billion yuan in revenue, down 6.7% year-on-year.

At the end of the reporting period, it had 21.3 billion yuan in total assets and 6.4 billion yuan in total liabilities, with a liability-to-asset ratio of 30.2%.