Shandong Xinchao Energy Corporation Limited’s Net Profit Rose 756.6% in 2022

Shandong Xinchao Energy Corporation Limited (山东新潮能源股份有限公司) (600777.SH) reported a net profit of 3.1 billion yuan in 2022, up 756.6% year-on-year.

Meanwhile, the company posted 9.4 billion yuan in revenue, up 94.1% year-on-year.

At the end of the reporting period, it had 31.3 billion yuan in total assets and 14.4 billion yuan in total liabilities, with a liability-to-asset ratio of 46.1%.