Zhengzhou Coal Industry&Electric Power Co.,Ltd. Posted 109.9 Million Yuan Net Profit in First Quarter of 2022

Zhengzhou Coal Industry&Electric Power Co.,Ltd. (郑州煤电股份有限公司) (600121.SH) reported a net profit of 109.9 million yuan in the first quarter of 2022, reversing a net loss of 751,894 yuan for the same period in the previous year.

Meanwhile, the company posted 1.1 billion yuan in revenue, up 31.4% year-on-year.

At the end of the reporting period, it had 13.8 billion yuan in total assets and 11.1 billion yuan in total liabilities, with a liability-to-asset ratio of 80.7%.