China Longyuan Power Group Corporation Limited’s Net Profit Dropped 2.6% in First Quarter of 2023

China Longyuan Power Group Corporation Limited (龙源电力集团股份有限公司) (001289.SZ) reported a net profit of 2.6 billion yuan in the first quarter of 2023, down 2.6% year-on-year.

Meanwhile, the company posted 9.9 billion yuan in revenue, down 5.4% year-on-year.

At the end of the reporting period, it had 227.6 billion yuan in total assets and 144.8 billion yuan in total liabilities, with a liability-to-asset ratio of 63.6%.