Fujian Mindong Electric Power Co.,Ltd. Posted 36.6 Million Yuan Net Profit in First Quarter of 2022

Fujian Mindong Electric Power Co.,Ltd. (福建闽东电力股份有限公司) (000993.SZ) reported a net profit of 36.6 million yuan in the first quarter of 2022, reversing a net loss of 18.9 million yuan for the same period in the previous year.

Meanwhile, the company posted 141.6 million yuan in revenue, up 79.8% year-on-year.

At the end of the reporting period, it had 4.4 billion yuan in total assets and 2.3 billion yuan in total liabilities, with a liability-to-asset ratio of 52%.