Shenzhen Energy Group Co.,Ltd.’s Net Profit Dropped 24.6% in First Quarter of 2022

Shenzhen Energy Group Co.,Ltd. (深圳能源集团股份有限公司) (000027.SZ) reported a net profit of 530.1 million yuan in the first quarter of 2022, down 24.6% year-on-year.

Meanwhile, the company posted 7.8 billion yuan in revenue, up 31.3% year-on-year.

At the end of the reporting period, it had 136 billion yuan in total assets and 82.7 billion yuan in total liabilities, with a liability-to-asset ratio of 60.8%.