Hubei Energy Group Co.,Ltd.’s Net Profit Dropped 20.4% in First Quarter of 2022

Hubei Energy Group Co.,Ltd. (湖北能源集团股份有限公司) (000883.SZ) reported a net profit of 636 million yuan in the first quarter of 2022, down 20.4% year-on-year.

Meanwhile, the company posted 6.9 billion yuan in revenue, up 36.1% year-on-year.

At the end of the reporting period, it had 73.5 billion yuan in total assets and 36.7 billion yuan in total liabilities, with a liability-to-asset ratio of 49.9%.