Ningxia Jiaze New Energy Co.,Ltd.’s Net Profit Rose 49.1% in First Three Quarters 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 651 million yuan in the first three quarters of 2023, up 49.1% year-on-year.

Meanwhile, the company posted 1.8 billion yuan in revenue, up 43.9% year-on-year.

At the end of the reporting period, it had 19.1 billion yuan in total assets and 12.8 billion yuan in total liabilities, with a liability-to-asset ratio of 67.1%.