Gepic Energy Development Co.,Ltd. Posted 22.7 Million Yuan Net Loss in First Quarter of 2022

Gepic Energy Development Co.,Ltd. (甘肃电投能源发展股份有限公司) (000791.SZ) reported a net loss of 22.7 million yuan in the first quarter of 2022, widening 114% year-on-year.

Meanwhile, the company posted 345 million yuan in revenue, down 5.3% year-on-year.

At the end of the reporting period, it had 17.8 billion yuan in total assets and 9.9 billion yuan in total liabilities, with a liability-to-asset ratio of 55.5%.