Shanxi Meijin Energy Co.,Ltd.’s Net Profit Dropped 78.4% in First Half of 2023

Shanxi Meijin Energy Co.,Ltd. (山西美锦能源股份有限公司) (000723.SZ) reported a net profit of 312.8 million yuan in the first half of 2023, down 78.4% year-on-year.

Meanwhile, the company posted 9.7 billion yuan in revenue, down 27.1% year-on-year.

At the end of the reporting period, it had 37.6 billion yuan in total assets and 20.6 billion yuan in total liabilities, with a liability-to-asset ratio of 54.7%.