Longi Green Energy Technology Co.,Ltd.’s Net Profit Rose 36.7% in First Quarter of 2023

Longi Green Energy Technology Co.,Ltd. (隆基绿能科技股份有限公司) (601012.SH) reported a net profit of 3.6 billion yuan in the first quarter of 2023, up 36.7% year-on-year.

Meanwhile, the company posted 28.3 billion yuan in revenue, up 52.4% year-on-year.

At the end of the reporting period, it had 143.9 billion yuan in total assets and 78 billion yuan in total liabilities, with a liability-to-asset ratio of 54.2%.