China Petroleum Engineering Co.,Ltd.’s Net Profit Rose 5.4% in First Half of 2023

China Petroleum Engineering Co.,Ltd. (中国石油集团工程股份有限公司) (600339.SH) reported a net profit of 676 million yuan in the first half of 2023, up 5.4% year-on-year.

Meanwhile, the company posted 34.7 billion yuan in revenue, down 13.6% year-on-year.

At the end of the reporting period, it had 104.3 billion yuan in total assets and 78.2 billion yuan in total liabilities, with a liability-to-asset ratio of 75.1%.