Ja Solar Technology Co.,Ltd.’s Net Profit Rose 247.7% in First Quarter of 2023

Ja Solar Technology Co.,Ltd. (晶澳太阳能科技股份有限公司) (002459.SZ) reported a net profit of 2.7 billion yuan in the first quarter of 2023, up 247.7% year-on-year.

Meanwhile, the company posted 20.5 billion yuan in revenue, up 66.2% year-on-year.

At the end of the reporting period, it had 74.1 billion yuan in total assets and 41.2 billion yuan in total liabilities, with a liability-to-asset ratio of 55.6%.