Shanghai Electric Wind Power Group Co.,Ltd. Posted 166.6 Million Yuan Net Loss in First Quarter of 2023

Shanghai Electric Wind Power Group Co.,Ltd. (上海电气风电集团股份有限公司) (688660.SH) reported a net loss of 166.6 million yuan in the first quarter of 2023, reversing a net profit of 131.5 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.4 billion yuan in revenue, down 69.5% year-on-year.

At the end of the reporting period, it had 30.6 billion yuan in total assets and 23.6 billion yuan in total liabilities, with a liability-to-asset ratio of 77.2%.