Shanghai Electric Power Co.,Ltd.’s Net Profit Rose 124.5% in First Quarter of 2023

Shanghai Electric Power Co.,Ltd. (上海电力股份有限公司) (600021.SH) reported a net profit of 864.9 million yuan in the first quarter of 2023, up 124.5% year-on-year.

Meanwhile, the company posted 10.3 billion yuan in revenue, up 23.4% year-on-year.

At the end of the reporting period, it had 169.5 billion yuan in total assets and 121.4 billion yuan in total liabilities, with a liability-to-asset ratio of 71.6%.