Xinjiang Tianfu Energy Co.,Ltd. Posted 280.8 Million Yuan Net Profit in First Half of 2023

Xinjiang Tianfu Energy Co.,Ltd. (新疆天富能源股份有限公司) (600509.SH) reported a net profit of 280.8 million yuan in the first half of 2023, reversing a net loss of 538 million yuan for the same period in the previous year.

Meanwhile, the company posted 4.3 billion yuan in revenue, up 13.1% year-on-year.

At the end of the reporting period, it had 24.5 billion yuan in total assets and 16.6 billion yuan in total liabilities, with a liability-to-asset ratio of 67.6%.