Cnooc Energy Technology&Services Limited’s Net Profit Rose 35.2% in First Quarter of 2023

Cnooc Energy Technology&Services Limited (中海油能源发展股份有限公司) (600968.SH) reported a net profit of 438.3 million yuan in the first quarter of 2023, up 35.2% year-on-year.

Meanwhile, the company posted 9.5 billion yuan in revenue, up 16.4% year-on-year.

At the end of the reporting period, it had 39.6 billion yuan in total assets and 16.1 billion yuan in total liabilities, with a liability-to-asset ratio of 40.7%.