China Longyuan Power Group Corporation Limited’s Net Profit Dropped 16.8% in First Quarter of 2022

China Longyuan Power Group Corporation Limited (龙源电力集团股份有限公司) (001289.SZ) reported a net profit of 2.7 billion yuan in the first quarter of 2022, down 16.8% year-on-year.

Meanwhile, the company posted 10.4 billion yuan in revenue, up 5.8% year-on-year.

At the end of the reporting period, it had 208.8 billion yuan in total assets and 130.4 billion yuan in total liabilities, with a liability-to-asset ratio of 62.4%.