Shanxi Meijin Energy Co.,Ltd.’s Net Profit Dropped 80.7% in First Three Quarters of 2023

Shanxi Meijin Energy Co.,Ltd. (山西美锦能源股份有限公司) (000723.SZ) reported a net profit of 341.7 million yuan in the first three quarters of 2023, down 80.7% year-on-year.

Meanwhile, the company posted 14.8 billion yuan in revenue, down 20.7% year-on-year.

At the end of the reporting period, it had 40.1 billion yuan in total assets and 23 billion yuan in total liabilities, with a liability-to-asset ratio of 57.3%.