Ningbo Shimao Energy Co.,Ltd.’s Net Profit Dropped 1.3% in First Three Quarters of 2023

Ningbo Shimao Energy Co.,Ltd. (宁波世茂能源股份有限公司) (605028.SH) reported a net profit of 142.6 million yuan in the first three quarters of 2023, down 1.3% year-on-year.

Meanwhile, the company posted 262 million yuan in revenue, down 11.5% year-on-year.

At the end of the reporting period, it had 1.4 billion yuan in total assets and 186.9 million yuan in total liabilities, with a liability-to-asset ratio of 13%.