Ning Xia Yin Xing Energy Co.,Ltd.’s Net Profit Rose 95.2% in First Quarter of 2023

Ning Xia Yin Xing Energy Co.,Ltd. (宁夏银星能源股份有限公司) (000862.SZ) reported a net profit of 55.4 million yuan in the first quarter of 2023, up 95.2% year-on-year.

Meanwhile, the company posted 303.6 million yuan in revenue, up 6.9% year-on-year.

At the end of the reporting period, it had 7.7 billion yuan in total assets and 4.7 billion yuan in total liabilities, with a liability-to-asset ratio of 60.8%.