China Petroleum Engineering Co.,Ltd.’s Net Profit Rose 32.5% in First Quarter of 2023

China Petroleum Engineering Co.,Ltd. (中国石油集团工程股份有限公司) (600339.SH) reported a net profit of 209.2 million yuan in the first quarter of 2023, up 32.5% year-on-year.

Meanwhile, the company posted 15 billion yuan in revenue, down 14.2% year-on-year.

At the end of the reporting period, it had 103.7 billion yuan in total assets and 78 billion yuan in total liabilities, with a liability-to-asset ratio of 75.2%.