Tong Petrotech Group.’s Net Profit Rose 806.1% in First Quarter of 2023

Tong Petrotech Group. (通源石油科技集团股份有限公司) (300164.SZ) reported a net profit of 17.4 million yuan in the first quarter of 2023, up 806.1% year-on-year.

Meanwhile, the company posted 202.4 million yuan in revenue, up 44.8% year-on-year.

At the end of the reporting period, it had 1.8 billion yuan in total assets and 564.1 million yuan in total liabilities, with a liability-to-asset ratio of 30.6%.