Cosco Shipping Energy Transportation Co.,Ltd.’s Net Profit Rose 823.8% in First Half of 2023

Cosco Shipping Energy Transportation Co.,Ltd. (中远海运能源运输股份有限公司) (600026.SH) reported a net profit of 3 billion yuan in the first half of 2023, up 823.8% year-on-year.

Meanwhile, the company posted 11.6 billion yuan in revenue, up 54.1% year-on-year.

At the end of the reporting period, it had 71.3 billion yuan in total assets and 34.8 billion yuan in total liabilities, with a liability-to-asset ratio of 48.9%.