Zhejiang Zheneng Electric Power Co.,Ltd. Posted 418.5 Million Yuan Net Loss in First Three Quarters 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 loss of 418.5 million yuan in the first three quarters of 2022, reversing a net profit of 1.7 billion yuan for the same period in the previous year.

Meanwhile, the company posted 60.9 billion yuan in revenue, up 20.8% year-on-year.

At the end of the reporting period, it had 120.5 billion yuan in total assets and 49.9 billion yuan in total liabilities, with a liability-to-asset ratio of 41.4%.