Sichuan Mingxing Electric Power Co.,Ltd.’s Net Profit Rose 38.1% in First Quarter of 2023

Sichuan Mingxing Electric Power Co.,Ltd. (四川明星电力股份有限公司) (600101.SH) reported a net profit of 57.9 million yuan in the first quarter of 2023, up 38.1% year-on-year.

Meanwhile, the company posted 651.6 million yuan in revenue, up 16.8% year-on-year.

At the end of the reporting period, it had 3.9 billion yuan in total assets and 1.2 billion yuan in total liabilities, with a liability-to-asset ratio of 30.2%.