Chongqing Three Gorges Water Conservancy And Electric Power Co.,Ltd. Posted 49.7 Million Yuan Net Loss in First Quarter of 2023

Chongqing Three Gorges Water Conservancy And Electric Power Co.,Ltd. (重庆三峡水利电力(集团)股份有限公司) (600116.SH) reported a net loss of 49.7 million yuan in the first quarter of 2023, reversing a net profit of 3.3 million yuan for the same period in the previous year.

Meanwhile, the company posted 2.9 billion yuan in revenue, up 27.9% year-on-year.

At the end of the reporting period, it had 22.5 billion yuan in total assets and 11.2 billion yuan in total liabilities, with a liability-to-asset ratio of 49.9%.