Huadian Energy Company Limited Posted 831 Million Yuan Net Loss in First Quarter of 2022

Huadian Energy Company Limited (华电能源股份有限公司) (600726.SH) reported a net loss of 831 million yuan in the first quarter of 2022, reversing a net profit of 29.8 million yuan for the same period in the previous year.

Meanwhile, the company posted 3.4 billion yuan in revenue, up 9.6% year-on-year.

At the end of the reporting period, it had 22.3 billion yuan in total assets and 25.4 billion yuan in total liabilities, with a liability-to-asset ratio of 113.6%.