Jiangsu New Energy Development Co.,Ltd.’s Net Profit Rose 59.2% in 2022

Jiangsu New Energy Development Co.,Ltd. (江苏省新能源开发股份有限公司) (603693.SH) reported a net profit of 583.7 million yuan in 2022, up 59.2% year-on-year.

Meanwhile, the company posted 2 billion yuan in revenue, up 6% year-on-year.

At the end of the reporting period, it had 15.9 billion yuan in total assets and 8.9 billion yuan in total liabilities, with a liability-to-asset ratio of 55.8%.