Yueyang Xingchang Petro-Chemical Co.,Ltd.’s Net Profit Rose 31.6% in First Half of 2023

Yueyang Xingchang Petro-Chemical Co.,Ltd. (岳阳兴长石化股份有限公司) (000819.SZ) reported a net profit of 49.7 million yuan in the first half of 2023, up 31.6% year-on-year.

Meanwhile, the company posted 1.4 billion yuan in revenue, down 9.7% year-on-year.

At the end of the reporting period, it had 1.7 billion yuan in total assets and 558.5 million yuan in total liabilities, with a liability-to-asset ratio of 32.4%.