Cosco Shipping Energy Transportation Co.,Ltd.’s Net Profit Dropped 80.8% in First Three Quarters of 2021

Cosco Shipping Energy Transportation Co.,Ltd. (中远海运能源运输股份有限公司) (600026.SH) reported a net profit of 676.2 million yuan in the first three quarters of 2021, down 80.8% year-on-year.

Meanwhile, the company posted 9.3 billion yuan in revenue, down 30.1% year-on-year.

At the end of the reporting period, it had 64.9 billion yuan in total assets and 29.4 billion yuan in total liabilities, with a liability-to-asset ratio of 45.3%.

This article was automatically produced by Caixin Automation on Nov. 3, 2021.

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