Inner Mongolia Yuan Xing Energy Company Limited’s Net Profit Dropped 16% in First Quarter of 2023

Inner Mongolia Yuan Xing Energy Company Limited (内蒙古远兴能源股份有限公司) (000683.SZ) reported a net profit of 778.4 million yuan in the first quarter of 2023, down 16% year-on-year.

Meanwhile, the company posted 2.5 billion yuan in revenue, down 6.5% year-on-year.

At the end of the reporting period, it had 31.7 billion yuan in total assets and 14.1 billion yuan in total liabilities, with a liability-to-asset ratio of 44.5%.