Top Energy Company Ltd.Shanxi’s Net Profit Dropped 11.4% in First Quarter of 2023

Top Energy Company Ltd.Shanxi (山西通宝能源股份有限公司) (600780.SH) reported a net profit of 237.1 million yuan in the first quarter of 2023, down 11.4% year-on-year.

Meanwhile, the company posted 3 billion yuan in revenue, up 8.5% year-on-year.

At the end of the reporting period, it had 10 billion yuan in total assets and 3.2 billion yuan in total liabilities, with a liability-to-asset ratio of 31.7%.