Huaihe Energy(Group) Co.,Ltd.’s Net Profit Dropped 15.4% in First Half of 2023

Huaihe Energy(Group) Co.,Ltd. (淮河能源(集团)股份有限公司) (600575.SH) reported a net profit of 371.9 million yuan in the first half of 2023, down 15.4% year-on-year.

Meanwhile, the company posted 13 billion yuan in revenue, down 11.3% year-on-year.

At the end of the reporting period, it had 19.1 billion yuan in total assets and 6.9 billion yuan in total liabilities, with a liability-to-asset ratio of 36.2%.