Gd Power Development Co.,Ltd.’s Net Profit Dropped 15.7% in First Quarter of 2023

Gd Power Development Co.,Ltd. (国电电力发展股份有限公司) (600795.SH) reported a net profit of 2.4 billion yuan in the first quarter of 2023, down 15.7% year-on-year.

Meanwhile, the company posted 45.3 billion yuan in revenue, down 3.1% year-on-year.

At the end of the reporting period, it had 423.1 billion yuan in total assets and 310.3 billion yuan in total liabilities, with a liability-to-asset ratio of 73.4%.