Shanghai Electric Power Co.,Ltd.’s Net Profit Dropped 12.9% in First Three Quarters of 2022

Shanghai Electric Power Co.,Ltd. (上海电力股份有限公司) (600021.SH) reported a net profit of 1.3 billion yuan in the first three quarters of 2022, down 12.9% year-on-year.

Meanwhile, the company posted 27.8 billion yuan in revenue, up 25.5% year-on-year.

At the end of the reporting period, it had 162.1 billion yuan in total assets and 121.6 billion yuan in total liabilities, with a liability-to-asset ratio of 75%.