Top Energy Company Ltd.Shanxi’s Net Profit Rose 129.8% in First Quarter of 2022

Top Energy Company Ltd.Shanxi (山西通宝能源股份有限公司) (600780.SH) reported a net profit of 267.6 million yuan in the first quarter of 2022, up 129.8% year-on-year.

Meanwhile, the company posted 2.8 billion yuan in revenue, up 43% year-on-year.

At the end of the reporting period, it had 9.2 billion yuan in total assets and 3.2 billion yuan in total liabilities, with a liability-to-asset ratio of 35%.