Sinopec Oilfield Service Corporation’s Net Profit Rose 158% in 2022

Sinopec Oilfield Service Corporation (中石化石油工程技术服务股份有限公司) (600871.SH) reported a net profit of 463.8 million yuan in 2022, up 158% year-on-year.

Meanwhile, the company posted 73.8 billion yuan in revenue, up 6.1% year-on-year.

At the end of the reporting period, it had 71.2 billion yuan in total assets and 63.8 billion yuan in total liabilities, with a liability-to-asset ratio of 89.6%.