Shenergy Company Limited’s Net Profit Dropped 49.9% in First Three Quarters of 2022

Shenergy Company Limited (申能股份有限公司) (600642.SH) reported a net profit of 1.2 billion yuan in the first three quarters of 2022, down 49.9% year-on-year.

Meanwhile, the company posted 21 billion yuan in revenue, up 14.6% year-on-year.

At the end of the reporting period, it had 87.7 billion yuan in total assets and 49.3 billion yuan in total liabilities, with a liability-to-asset ratio of 56.2%.