Huaneng Lancang River Hydropower Co.,Ltd.’s Net Profit Rose 15.3% in First Quarter of 2023

Huaneng Lancang River Hydropower Co.,Ltd. (华能澜沧江水电股份有限公司) (600025.SH) reported a net profit of 914.4 million yuan in the first quarter of 2023, up 15.3% year-on-year.

Meanwhile, the company posted 3.7 billion yuan in revenue, down 5.3% year-on-year.

At the end of the reporting period, it had 164.7 billion yuan in total assets and 94.1 billion yuan in total liabilities, with a liability-to-asset ratio of 57.1%.