Sinopec Shandong Taishan Petroleum Co.,Ltd.’s Net Profit Rose 96% in First Quarter of 2022

Sinopec Shandong Taishan Petroleum Co.,Ltd. (中国石化山东泰山石油股份有限公司) (000554.SZ) reported a net profit of 2.8 million yuan in the first quarter of 2022, up 96% year-on-year.

Meanwhile, the company posted 747.4 million yuan in revenue, up 21.5% year-on-year.

At the end of the reporting period, it had 1.6 billion yuan in total assets and 685 million yuan in total liabilities, with a liability-to-asset ratio of 42.4%.