Huaneng Power International,Inc. Posted 2.5 Billion Yuan Net Profit in First Quarter of 2023

Huaneng Power International,Inc. (华能国际电力股份有限公司) (600011.SH) reported a net profit of 2.5 billion yuan in the first quarter of 2023, reversing a net loss of 1.1 billion yuan for the same period in the previous year.

Meanwhile, the company posted 65.3 billion yuan in revenue, flat year-on-year.

At the end of the reporting period, it had 508 billion yuan in total assets and 362.2 billion yuan in total liabilities, with a liability-to-asset ratio of 71.3%.