Gd Power Development Co.,Ltd.’s Net Profit Dropped 27.6% in First Quarter of 2022

Gd Power Development Co.,Ltd. (国电电力发展股份有限公司) (600795.SH) reported a net profit of 2.8 billion yuan in the first quarter of 2022, down 27.6% year-on-year.

Meanwhile, the company posted 46.8 billion yuan in revenue, up 19.8% year-on-year.

At the end of the reporting period, it had 401.3 billion yuan in total assets and 287.4 billion yuan in total liabilities, with a liability-to-asset ratio of 71.6%.