Jinneng Holding Shanxi Electric Power Co.,Ltd.’s Net Profit Dropped 25.6% in First Quarter of 2022

Jinneng Holding Shanxi Electric Power Co.,Ltd. (晋能控股山西电力股份有限公司) (000767.SZ) reported a net profit of 10.3 million yuan in the first quarter of 2022, down 25.6% year-on-year.

Meanwhile, the company posted 4.6 billion yuan in revenue, up 42.4% year-on-year.

At the end of the reporting period, it had 64.9 billion yuan in total assets and 53.2 billion yuan in total liabilities, with a liability-to-asset ratio of 82%.