Shanghai Electric Power Co.,Ltd.’s Net Profit Dropped 64.4% in First Half of 2022

Shanghai Electric Power Co.,Ltd. (上海电力股份有限公司) (600021.SH) reported a net profit of 551.8 million yuan in the first half of 2022, down 64.4% year-on-year.

Meanwhile, the company posted 16.1 billion yuan in revenue, up 12.8% year-on-year.

At the end of the reporting period, it had 161.6 billion yuan in total assets and 123.2 billion yuan in total liabilities, with a liability-to-asset ratio of 76.2%.