Apr 01, 2023 08:00 AM

Shanghai Electric Power Co.,Ltd. Posted 1.6 Billion Yuan Net Profit in 2022

By Caixin Automation

Shanghai Electric Power Co.,Ltd. (上海电力股份有限公司) (600021.SH) reported a net profit of 1.6 billion yuan in 2022, reversing a net loss of 1.5 billion yuan for the previous year.

Meanwhile, the company posted 39.2 billion yuan in revenue, up 27% year-on-year.

At the end of the reporting period, it had 161 billion yuan in total assets and 116.9 billion yuan in total liabilities, with a liability-to-asset ratio of 72.6%.

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