Cosco Shipping Energy Transportation Co.,Ltd. Posted 1.8 Billion Yuan Net Profit in 2022

Cosco Shipping Energy Transportation Co.,Ltd. (中远海运能源运输股份有限公司) (600026.SH) reported a net profit of 1.8 billion yuan in 2022, reversing a net loss of 4.7 billion yuan for the previous year.

Meanwhile, the company posted 18.7 billion yuan in revenue, up 46.9% year-on-year.

At the end of the reporting period, it had 68.3 billion yuan in total assets and 34.7 billion yuan in total liabilities, with a liability-to-asset ratio of 50.8%.