Shanxi Lu'An Environmental Energy Development Co.,Ltd.’s Net Profit Rose 36.7% in First Quarter of 2023

Shanxi Lu'An Environmental Energy Development Co.,Ltd. (山西潞安环保能源开发股份有限公司) (601699.SH) reported a net profit of 3.8 billion yuan in the first quarter of 2023, up 36.7% year-on-year.

Meanwhile, the company posted 11.9 billion yuan in revenue, down 14.2% year-on-year.

At the end of the reporting period, it had 95 billion yuan in total assets and 41.3 billion yuan in total liabilities, with a liability-to-asset ratio of 43.5%.