Jiangsu Linyang Energy Co.,Ltd.’s Net Profit Rose 12.2% in First Quarter of 2023

Jiangsu Linyang Energy Co.,Ltd. (江苏林洋能源股份有限公司) (601222.SH) reported a net profit of 203 million yuan in the first quarter of 2023, up 12.2% year-on-year.

Meanwhile, the company posted 1.1 billion yuan in revenue, up 8.2% year-on-year.

At the end of the reporting period, it had 20.8 billion yuan in total assets and 5.7 billion yuan in total liabilities, with a liability-to-asset ratio of 27.6%.