Guangdong No.2 Hydropower Engineering Company.,Ltd.’s Net Profit Rose 6.6% in First Quarter of 2023

Guangdong No.2 Hydropower Engineering Company.,Ltd. (广东水电二局股份有限公司) (002060.SZ) reported a net profit of 211.2 million yuan in the first quarter of 2023, up 6.6% year-on-year.

Meanwhile, the company posted 15.8 billion yuan in revenue, up 0.9% year-on-year.

At the end of the reporting period, it had 109.3 billion yuan in total assets and 98 billion yuan in total liabilities, with a liability-to-asset ratio of 89.6%.