Zhejiang Zheneng Electric Power Co.,Ltd.’s Net Profit Dropped 51.6% in First Quarter of 2022

Zhejiang Zheneng Electric Power Co.,Ltd. (浙江浙能电力股份有限公司) (600023.SH) reported a net profit of 520.3 million yuan in the first quarter of 2022, down 51.6% year-on-year.

Meanwhile, the company posted 18.3 billion yuan in revenue, up 26.7% year-on-year.

At the end of the reporting period, it had 117.6 billion yuan in total assets and 45.5 billion yuan in total liabilities, with a liability-to-asset ratio of 38.7%.