Ningxia Baofeng Energy Group Co.,Ltd.’s Net Profit Dropped 27.6% in First Three Quarters of 2023

Ningxia Baofeng Energy Group Co.,Ltd. (宁夏宝丰能源集团股份有限公司) (600989.SH) reported a net profit of 3.9 billion yuan in the first three quarters of 2023, down 27.6% year-on-year.

Meanwhile, the company posted 20.4 billion yuan in revenue, down 5% year-on-year.

At the end of the reporting period, it had 68.3 billion yuan in total assets and 31.5 billion yuan in total liabilities, with a liability-to-asset ratio of 46.2%.