Sinopec Shandong Taishan Petroleum Co.,Ltd.’s Net Profit Rose 225.4% in First Three Quarters of 2023

Sinopec Shandong Taishan Petroleum Co.,Ltd. (中国石化山东泰山石油股份有限公司) (000554.SZ) reported a net profit of 23.9 million yuan in the first three quarters of 2023, up 225.4% year-on-year.

Meanwhile, the company posted 2.7 billion yuan in revenue, up 7.3% year-on-year.

At the end of the reporting period, it had 1.7 billion yuan in total assets and 762.5 million yuan in total liabilities, with a liability-to-asset ratio of 44.4%.