May 03, 2023 08:00 AM

Ming Yang Smart Energy Group Limited’s Net Profit Rose 14.4% in 2022

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Ming Yang Smart Energy Group Limited (明阳智慧能源集团股份公司) (601615.SH) reported a net profit of 3.4 billion yuan in 2022, up 14.4% year-on-year.

Meanwhile, the company posted 30.7 billion yuan in revenue, up 13% year-on-year.

At the end of the reporting period, it had 68.9 billion yuan in total assets and 40.6 billion yuan in total liabilities, with a liability-to-asset ratio of 58.9%.

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