Jiangxi Ganneng Co.,Ltd. Posted 5.4 Million Yuan Net Profit in First Quarter of 2023

Jiangxi Ganneng Co.,Ltd. (江西赣能股份有限公司) (000899.SZ) reported a net profit of 5.4 million yuan in the first quarter of 2023, reversing a net loss of 1.5 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.7 billion yuan in revenue, up 129.1% year-on-year.

At the end of the reporting period, it had 12.7 billion yuan in total assets and 7.9 billion yuan in total liabilities, with a liability-to-asset ratio of 62.5%.