China Shenhua Energy Company Limited’s Net Profit Dropped 5.4% in First Quarter of 2023

China Shenhua Energy Company Limited (中国神华能源股份有限公司) (601088.SH) reported a net profit of 21.3 billion yuan in the first quarter of 2023, down 5.4% year-on-year.

Meanwhile, the company posted 87 billion yuan in revenue, up 3.7% year-on-year.

At the end of the reporting period, it had 644.1 billion yuan in total assets and 160.4 billion yuan in total liabilities, with a liability-to-asset ratio of 24.9%.