Cosco Shipping Energy Transportation Co.,Ltd.’s Net Profit Rose 353.7% in First Three Quarters of 2023

Cosco Shipping Energy Transportation Co.,Ltd. (中远海运能源运输股份有限公司) (600026.SH) reported a net profit of 4 billion yuan in the first three quarters of 2023, up 353.7% year-on-year.

Meanwhile, the company posted 16.5 billion yuan in revenue, up 33.4% year-on-year.

At the end of the reporting period, it had 72.3 billion yuan in total assets and 35.2 billion yuan in total liabilities, with a liability-to-asset ratio of 48.7%.