Sinopec Shandong Taishan Petroleum Co.,Ltd.’s Net Profit Rose 167.7% in First Quarter of 2023

Sinopec Shandong Taishan Petroleum Co.,Ltd. (中国石化山东泰山石油股份有限公司) (000554.SZ) reported a net profit of 7.6 million yuan in the first quarter of 2023, up 167.7% year-on-year.

Meanwhile, the company posted 816.3 million yuan in revenue, up 9.2% year-on-year.

At the end of the reporting period, it had 2 billion yuan in total assets and 1 billion yuan in total liabilities, with a liability-to-asset ratio of 51.9%.