Shanghai Huitong Energy Co.,Ltd.’s Net Profit Rose 254.4% in First Quarter of 2023

Shanghai Huitong Energy Co.,Ltd. (上海汇通能源股份有限公司) (600605.SH) reported a net profit of 6.6 million yuan in the first quarter of 2023, up 254.4% year-on-year.

Meanwhile, the company posted 24.2 million yuan in revenue, up 8.6% year-on-year.

At the end of the reporting period, it had 2.5 billion yuan in total assets and 1.4 billion yuan in total liabilities, with a liability-to-asset ratio of 54.8%.