China Petroleum Engineering Co.,Ltd.’s Net Profit Rose 17.4% in First Quarter of 2022

China Petroleum Engineering Co.,Ltd. (中国石油集团工程股份有限公司) (600339.SH) reported a net profit of 157.9 million yuan in the first quarter of 2022, up 17.4% year-on-year.

Meanwhile, the company posted 17.5 billion yuan in revenue, up 30.6% year-on-year.

At the end of the reporting period, it had 103.3 billion yuan in total assets and 78.2 billion yuan in total liabilities, with a liability-to-asset ratio of 75.7%.