Hy Energy Group Co.,Ltd.’s Net Profit Dropped 13.1% in First Quarter of 2023

Hy Energy Group Co.,Ltd. (海越能源集团股份有限公司) (600387.SH) reported a net profit of 17.2 million yuan in the first quarter of 2023, down 13.1% year-on-year.

Meanwhile, the company posted 618.5 million yuan in revenue, down 53.3% year-on-year.

At the end of the reporting period, it had 4.3 billion yuan in total assets and 944.2 million yuan in total liabilities, with a liability-to-asset ratio of 22.2%.