Zhongmin Energy Co.,Ltd.’s Net Profit Dropped 22% in First Half of 2023

Zhongmin Energy Co.,Ltd. (中闽能源股份有限公司) (600163.SH) reported a net profit of 351.6 million yuan in the first half of 2023, down 22% year-on-year.

Meanwhile, the company posted 831.4 million yuan in revenue, down 9.9% year-on-year.

At the end of the reporting period, it had 11.7 billion yuan in total assets and 5.6 billion yuan in total liabilities, with a liability-to-asset ratio of 48%.