Cosco Shipping Energy Transportation Co.,Ltd.’s Net Profit Rose 1017.8% in First Quarter of 2023

Cosco Shipping Energy Transportation Co.,Ltd. (中远海运能源运输股份有限公司) (600026.SH) reported a net profit of 1.2 billion yuan in the first quarter of 2023, up 1017.8% year-on-year.

Meanwhile, the company posted 5.6 billion yuan in revenue, up 61.9% year-on-year.

At the end of the reporting period, it had 68.8 billion yuan in total assets and 34 billion yuan in total liabilities, with a liability-to-asset ratio of 49.4%.