Jointo Energy Investment Co.,Ltd.Hebei Posted 211.8 Million Yuan Net Loss in First Quarter of 2023

Jointo Energy Investment Co.,Ltd.Hebei (河北建投能源投资股份有限公司) (000600.SZ) reported a net loss of 211.8 million yuan in the first quarter of 2023, reversing a net profit of 115.6 million yuan for the same period in the previous year.

Meanwhile, the company posted 5.4 billion yuan in revenue, down 1.4% year-on-year.

At the end of the reporting period, it had 39.4 billion yuan in total assets and 27.1 billion yuan in total liabilities, with a liability-to-asset ratio of 69%.