Xinjiang Torch Gas Co.,Ltd.’s Net Profit Dropped 6% in 2022

Xinjiang Torch Gas Co.,Ltd. (新疆火炬燃气股份有限公司) (603080.SH) reported a net profit of 96.1 million yuan in 2022, down 6% year-on-year.

Meanwhile, the company posted 848.2 million yuan in revenue, down 5.7% year-on-year.

At the end of the reporting period, it had 1.9 billion yuan in total assets and 537.7 million yuan in total liabilities, with a liability-to-asset ratio of 28.9%.