Shanxi Meijin Energy Co.,Ltd.’s Net Profit Dropped 2.7% in First Quarter of 2022

Shanxi Meijin Energy Co.,Ltd. (山西美锦能源股份有限公司) (000723.SZ) reported a net profit of 732.8 million yuan in the first quarter of 2022, down 2.7% year-on-year.

Meanwhile, the company posted 6.2 billion yuan in revenue, up 63.9% year-on-year.

At the end of the reporting period, it had 30.3 billion yuan in total assets and 15.3 billion yuan in total liabilities, with a liability-to-asset ratio of 50.4%.