Fujian Funeng Co.,Ltd.’s Net Profit Dropped 10.6% in First Quarter of 2023

Fujian Funeng Co.,Ltd. (福建福能股份有限公司) (600483.SH) reported a net profit of 680.2 million yuan in the first quarter of 2023, down 10.6% year-on-year.

Meanwhile, the company posted 3.1 billion yuan in revenue, up 21.2% year-on-year.

At the end of the reporting period, it had 48.9 billion yuan in total assets and 23.6 billion yuan in total liabilities, with a liability-to-asset ratio of 48.2%.