China Coal Energy Company Limited’s Net Profit Rose 99.6% in First Quarter of 2022

China Coal Energy Company Limited (中国中煤能源股份有限公司) (601898.SH) reported a net profit of 9.4 billion yuan in the first quarter of 2022, up 99.6% year-on-year.

Meanwhile, the company posted 61.7 billion yuan in revenue, up 33.5% year-on-year.

At the end of the reporting period, it had 338 billion yuan in total assets and 184.9 billion yuan in total liabilities, with a liability-to-asset ratio of 54.7%.