Hubei Energy Group Co.,Ltd.’s Net Profit Dropped 34.1% in First Three Quarters of 2022

Hubei Energy Group Co.,Ltd. (湖北能源集团股份有限公司) (000883.SZ) reported a net profit of 1.9 billion yuan in the first three quarters of 2022, down 34.1% year-on-year.

Meanwhile, the company posted 16.4 billion yuan in revenue, up 1.4% year-on-year.

At the end of the reporting period, it had 77.6 billion yuan in total assets and 40.1 billion yuan in total liabilities, with a liability-to-asset ratio of 51.6%.