Xinjiang Haoyuan Natural Gas Co.,Ltd.’s Net Profit Dropped 33.7% in First Quarter of 2022

Xinjiang Haoyuan Natural Gas Co.,Ltd. (新疆浩源天然气股份有限公司) (002700.SZ) reported a net profit of 12.7 million yuan in the first quarter of 2022, down 33.7% year-on-year.

Meanwhile, the company posted 163.6 million yuan in revenue, up 13.4% year-on-year.

At the end of the reporting period, it had 850.9 million yuan in total assets and 215.2 million yuan in total liabilities, with a liability-to-asset ratio of 25.3%.