Shandong Xinchao Energy Corporation Limited’s Net Profit Rose 433.1% in First Half of 2022

Shandong Xinchao Energy Corporation Limited (山东新潮能源股份有限公司) (600777.SH) reported a net profit of 1.6 billion yuan in the first half of 2022, up 433.1% year-on-year.

Meanwhile, the company posted 4.3 billion yuan in revenue, up 102.3% year-on-year.

At the end of the reporting period, it had 29 billion yuan in total assets and 14.8 billion yuan in total liabilities, with a liability-to-asset ratio of 51.2%.