JYT Corp net profit down by 95.89% in Q1

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China-based solar high-end equipment manufacturer Beijing JYT Corporation released operation report of the first quarter of 2022 on April 27, showing main revenue of RMB 1.937 billion yuan, up 76.79% YoY. The net profit was RMB 8.9247 million yuan, up 95.89%, with debt ratio and gross profit margin being 50.97% and 10.71% respectively.

According to the operating data of new energy power stations in the first quarter released by the company, the cumulative installed capacity of photovoltaic and wind power generation was about 1.4 GW, of which 1.25 GW are solar.