China Southern Power Grid Energy Efficiency&Clean Energy Co.,Ltd.’s Net Profit Dropped 4.7% in First Quarter of 2023

China Southern Power Grid Energy Efficiency&Clean Energy Co.,Ltd. (南方电网综合能源股份有限公司) (003035.SZ) reported a net profit of 89 million yuan in the first quarter of 2023, down 4.7% year-on-year.

Meanwhile, the company posted 547.8 million yuan in revenue, down 5.4% year-on-year.

At the end of the reporting period, it had 15.8 billion yuan in total assets and 8.7 billion yuan in total liabilities, with a liability-to-asset ratio of 54.8%.