Jiangsu Linyang Energy Co.,Ltd.’s Net Profit Rose 17% in First Three Quarters of 2023

Jiangsu Linyang Energy Co.,Ltd. (江苏林洋能源股份有限公司) (601222.SH) reported a net profit of 869.6 million yuan in the first three quarters of 2023, up 17% year-on-year.

Meanwhile, the company posted 4.7 billion yuan in revenue, up 31.8% year-on-year.

At the end of the reporting period, it had 23.2 billion yuan in total assets and 7.8 billion yuan in total liabilities, with a liability-to-asset ratio of 33.8%.