Huadian Energy Company Limited’s Net Profit Rose 277.5% in First Quarter of 2023

Huadian Energy Company Limited (华电能源股份有限公司) (600726.SH) reported a net profit of 506.7 million yuan in the first quarter of 2023, up 277.5% year-on-year.

Meanwhile, the company posted 5.8 billion yuan in revenue, up 2.9% year-on-year.

At the end of the reporting period, it had 33 billion yuan in total assets and 25.7 billion yuan in total liabilities, with a liability-to-asset ratio of 77.9%.