Shandong Xinchao Energy Corporation Limited’s Net Profit Dropped 28.7% in First Half of 2023

Shandong Xinchao Energy Corporation Limited (山东新潮能源股份有限公司) (600777.SH) reported a net profit of 1.2 billion yuan in the first half of 2023, down 28.7% year-on-year.

Meanwhile, the company posted 4 billion yuan in revenue, down 6.6% year-on-year.

At the end of the reporting period, it had 33.9 billion yuan in total assets and 14.8 billion yuan in total liabilities, with a liability-to-asset ratio of 43.7%.