Risen Energy Co.,Ltd.’s Net Profit Rose 49% in First Quarter of 2023

Risen Energy Co.,Ltd. (东方日升新能源股份有限公司) (300118.SZ) reported a net profit of 319.3 million yuan in the first quarter of 2023, up 49% year-on-year.

Meanwhile, the company posted 6.8 billion yuan in revenue, up 25.2% year-on-year.

At the end of the reporting period, it had 46 billion yuan in total assets and 30.3 billion yuan in total liabilities, with a liability-to-asset ratio of 65.9%.