Cosco Shipping Energy Transportation Co.,Ltd.’s Net Profit Dropped 53.9% in First Half of 2022

Cosco Shipping Energy Transportation Co.,Ltd. (中远海运能源运输股份有限公司) (600026.SH) reported a net profit of 325 million yuan in the first half of 2022, down 53.9% year-on-year.

Meanwhile, the company posted 7.5 billion yuan in revenue, up 22.8% year-on-year.

At the end of the reporting period, it had 63.1 billion yuan in total assets and 31.9 billion yuan in total liabilities, with a liability-to-asset ratio of 50.7%.