Datang International Power Generation Co.,Ltd. Posted 404.4 Million Yuan Net Loss in First Quarter of 2022

Datang International Power Generation Co.,Ltd. (大唐国际发电股份有限公司) (601991.SH) reported a net loss of 404.4 million yuan in the first quarter of 2022, reversing a net profit of 1.1 billion yuan for the same period in the previous year.

Meanwhile, the company posted 29.8 billion yuan in revenue, up 18.1% year-on-year.

At the end of the reporting period, it had 291.7 billion yuan in total assets and 215.6 billion yuan in total liabilities, with a liability-to-asset ratio of 73.9%.