Huadian Heavy Industries Co.,Ltd. Posted 111.2 Million Yuan Net Loss in First Quarter of 2023

Huadian Heavy Industries Co.,Ltd. (华电重工股份有限公司) (601226.SH) reported a net loss of 111.2 million yuan in the first quarter of 2023, widening 1.1% year-on-year.

Meanwhile, the company posted 900.6 million yuan in revenue, down 32.2% year-on-year.

At the end of the reporting period, it had 10.4 billion yuan in total assets and 6.2 billion yuan in total liabilities, with a liability-to-asset ratio of 59.1%.