Shenergy Company Limited’s Net Profit Dropped 48% in First Half of 2022

Shenergy Company Limited (申能股份有限公司) (600642.SH) reported a net profit of 925.7 million yuan in the first half of 2022, down 48% year-on-year.

Meanwhile, the company posted 12.8 billion yuan in revenue, up 10.1% year-on-year.

At the end of the reporting period, it had 88.6 billion yuan in total assets and 50.2 billion yuan in total liabilities, with a liability-to-asset ratio of 56.7%.