Zhongmin Energy Co.,Ltd.’s Net Profit Dropped 5.5% in First Quarter of 2023

Zhongmin Energy Co.,Ltd. (中闽能源股份有限公司) (600163.SH) reported a net profit of 292.3 million yuan in the first quarter of 2023, down 5.5% year-on-year.

Meanwhile, the company posted 554.4 million yuan in revenue, up 0.7% year-on-year.

At the end of the reporting period, it had 11.9 billion yuan in total assets and 5.6 billion yuan in total liabilities, with a liability-to-asset ratio of 47.5%.