Shenergy Company Limited’s Net Profit Dropped 72.2% in First Quarter of 2022

Shenergy Company Limited (申能股份有限公司) (600642.SH) reported a net profit of 281.4 million yuan in the first quarter of 2022, down 72.2% year-on-year.

Meanwhile, the company posted 7.6 billion yuan in revenue, up 26% year-on-year.

At the end of the reporting period, it had 87.5 billion yuan in total assets and 48.8 billion yuan in total liabilities, with a liability-to-asset ratio of 55.8%.