Anhui Hengyuan Coal Industry And Electricity Power Co.,Ltd.’s Net Profit Rose 58.6% in First Quarter of 2023

Anhui Hengyuan Coal Industry And Electricity Power Co.,Ltd. (安徽恒源煤电股份有限公司) (600971.SH) reported a net profit of 610.8 million yuan in the first quarter of 2023, up 58.6% year-on-year.

Meanwhile, the company posted 2.2 billion yuan in revenue, down 5.1% year-on-year.

At the end of the reporting period, it had 20.8 billion yuan in total assets and 8.3 billion yuan in total liabilities, with a liability-to-asset ratio of 40%.