China Petroleum Engineering Co.,Ltd.’s Net Profit Rose 32.4% in First Half of 2022

China Petroleum Engineering Co.,Ltd. (中国石油集团工程股份有限公司) (600339.SH) reported a net profit of 641.6 million yuan in the first half of 2022, up 32.4% year-on-year.

Meanwhile, the company posted 40.2 billion yuan in revenue, up 22.9% year-on-year.

At the end of the reporting period, it had 103.1 billion yuan in total assets and 77.7 billion yuan in total liabilities, with a liability-to-asset ratio of 75.4%.