Hubei Energy Group Co.,Ltd.’s Net Profit Dropped 37.7% in First Quarter of 2023

Hubei Energy Group Co.,Ltd. (湖北能源集团股份有限公司) (000883.SZ) reported a net profit of 396.2 million yuan in the first quarter of 2023, down 37.7% year-on-year.

Meanwhile, the company posted 4.1 billion yuan in revenue, down 24.4% year-on-year.

At the end of the reporting period, it had 81.7 billion yuan in total assets and 44.5 billion yuan in total liabilities, with a liability-to-asset ratio of 54.5%.