Shanghai Huitong Energy Co.,Ltd.’s Net Profit Dropped 67.3% in First Three Quarters of 2022

Shanghai Huitong Energy Co.,Ltd. (上海汇通能源股份有限公司) (600605.SH) reported a net profit of 16.8 million yuan in the first three quarters of 2022, down 67.3% year-on-year.

Meanwhile, the company posted 70.2 million yuan in revenue, down 16.6% year-on-year.

At the end of the reporting period, it had 2.1 billion yuan in total assets and 1 billion yuan in total liabilities, with a liability-to-asset ratio of 46.8%.