Ningbo Shimao Energy Co.,Ltd.’s Net Profit Rose 13.6% in First Three Quarters of 2022

Ningbo Shimao Energy Co.,Ltd. (宁波世茂能源股份有限公司) (605028.SH) reported a net profit of 144.5 million yuan in the first three quarters of 2022, up 13.6% year-on-year.

Meanwhile, the company posted 296.1 million yuan in revenue, up 7% year-on-year.

At the end of the reporting period, it had 1.3 billion yuan in total assets and 153.2 million yuan in total liabilities, with a liability-to-asset ratio of 12.3%.