Shandong Xinchao Energy Corporation Limited’s Net Profit Rose 426.1% in First Three Quarters 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 2.6 billion yuan in the first three quarters of 2022, up 426.1% year-on-year.

Meanwhile, the company posted 6.7 billion yuan in revenue, up 101.2% year-on-year.

At the end of the reporting period, it had 30.9 billion yuan in total assets and 13.8 billion yuan in total liabilities, with a liability-to-asset ratio of 44.6%.