Hubei Energy Group Co.,Ltd.’s Net Profit Dropped 28.3% in First Half of 2023

Hubei Energy Group Co.,Ltd. (湖北能源集团股份有限公司) (000883.SZ) reported a net profit of 1.1 billion yuan in the first half of 2023, down 28.3% year-on-year.

Meanwhile, the company posted 9.1 billion yuan in revenue, down 14.5% year-on-year.

At the end of the reporting period, it had 86.3 billion yuan in total assets and 48.3 billion yuan in total liabilities, with a liability-to-asset ratio of 55.9%.