Hubei Energy Group Co.,Ltd.’s Net Profit Dropped 17.7% in First Half of 2022

Hubei Energy Group Co.,Ltd. (湖北能源集团股份有限公司) (000883.SZ) reported a net profit of 1.5 billion yuan in the first half of 2022, down 17.7% year-on-year.

Meanwhile, the company posted 13.6 billion yuan in revenue, up 29.6% year-on-year.

At the end of the reporting period, it had 76.2 billion yuan in total assets and 39.1 billion yuan in total liabilities, with a liability-to-asset ratio of 51.4%.