Xinjiang Tianfu Energy Co.,Ltd. Posted 151.5 Million Yuan Net Profit in First Quarter of 2023

Xinjiang Tianfu Energy Co.,Ltd. (新疆天富能源股份有限公司) (600509.SH) reported a net profit of 151.5 million yuan in the first quarter of 2023, reversing a net loss of 352.7 million yuan for the same period in the previous year.

Meanwhile, the company posted 2.2 billion yuan in revenue, up 10.8% year-on-year.

At the end of the reporting period, it had 22.6 billion yuan in total assets and 16.3 billion yuan in total liabilities, with a liability-to-asset ratio of 72%.