Shenzhen Energy Group Co.,Ltd.’s Net Profit Dropped 49% in First Half 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 1.1 billion yuan in the first half of 2022, down 49% year-on-year.

Meanwhile, the company posted 16.3 billion yuan in revenue, up 18.8% year-on-year.

At the end of the reporting period, it had 136.8 billion yuan in total assets and 84.7 billion yuan in total liabilities, with a liability-to-asset ratio of 61.9%.