Shanxi Meijin Energy Co.,Ltd.’s Net Profit Dropped 43.4% in First Quarter of 2023

Shanxi Meijin Energy Co.,Ltd. (山西美锦能源股份有限公司) (000723.SZ) reported a net profit of 414.5 million yuan in the first quarter of 2023, down 43.4% year-on-year.

Meanwhile, the company posted 5.3 billion yuan in revenue, down 13.6% year-on-year.

At the end of the reporting period, it had 37.4 billion yuan in total assets and 20.3 billion yuan in total liabilities, with a liability-to-asset ratio of 54.4%.