Sinopec Shandong Taishan Petroleum Co.,Ltd.’s Net Profit Rose 163.2% in First Half 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 4.2 million yuan in the first half of 2022, up 163.2% year-on-year.

Meanwhile, the company posted 1.6 billion yuan in revenue, up 22.4% year-on-year.

At the end of the reporting period, it had 1.5 billion yuan in total assets and 577.3 million yuan in total liabilities, with a liability-to-asset ratio of 38.2%.