Guangxi Guiguan Electric Power Co.,Ltd.’s Net Profit Dropped 61.2% in First Quarter of 2023

Guangxi Guiguan Electric Power Co.,Ltd. (广西桂冠电力股份有限公司) (600236.SH) reported a net profit of 342.5 million yuan in the first quarter of 2023, down 61.2% year-on-year.

Meanwhile, the company posted 2 billion yuan in revenue, down 22.8% year-on-year.

At the end of the reporting period, it had 44.6 billion yuan in total assets and 22.3 billion yuan in total liabilities, with a liability-to-asset ratio of 49.9%.