Shandong Xinneng Taishan Power Generation Co.,Ltd. Posted 32.4 Million Yuan Net Loss in First Quarter of 2022

Shandong Xinneng Taishan Power Generation Co.,Ltd. (山东新能泰山发电股份有限公司) (000720.SZ) reported a net loss of 32.4 million yuan in the first quarter of 2022, widening 135.3% year-on-year.

Meanwhile, the company posted 755.4 million yuan in revenue, up 15.1% year-on-year.

At the end of the reporting period, it had 5.7 billion yuan in total assets and 2.9 billion yuan in total liabilities, with a liability-to-asset ratio of 51.5%.