Sinopec Shandong Taishan Petroleum Co.,Ltd.’s Net Profit Rose 218.9% in First Half of 2023

Sinopec Shandong Taishan Petroleum Co.,Ltd. (中国石化山东泰山石油股份有限公司) (000554.SZ) reported a net profit of 13.4 million yuan in the first half of 2023, up 218.9% year-on-year.

Meanwhile, the company posted 1.7 billion yuan in revenue, up 5.9% year-on-year.

At the end of the reporting period, it had 2.1 billion yuan in total assets and 1.1 billion yuan in total liabilities, with a liability-to-asset ratio of 53.9%.