Ningxia Jiaze New Energy Co.,Ltd.’s Net Profit Rose 87.8% in First Half of 2023

Ningxia Jiaze New Energy Co.,Ltd. (宁夏嘉泽新能源股份有限公司) (601619.SH) reported a net profit of 519.7 million yuan in the first half of 2023, up 87.8% year-on-year.

Meanwhile, the company posted 1.3 billion yuan in revenue, up 71.4% year-on-year.

At the end of the reporting period, it had 19 billion yuan in total assets and 12.8 billion yuan in total liabilities, with a liability-to-asset ratio of 67.6%.