Henan Yicheng New Energy Co.,Ltd.’s Net Profit Rose 68.3% in First Quarter of 2023

Henan Yicheng New Energy Co.,Ltd. (河南易成新能源股份有限公司) (300080.SZ) reported a net profit of 59.7 million yuan in the first quarter of 2023, up 68.3% year-on-year.

Meanwhile, the company posted 2.1 billion yuan in revenue, up 1.6% year-on-year.

At the end of the reporting period, it had 13.8 billion yuan in total assets and 7.3 billion yuan in total liabilities, with a liability-to-asset ratio of 52.7%.