Guizhou Qianyuan Power Co.,Ltd. Posted 23.8 Million Yuan Net Loss in First Quarter of 2023

Guizhou Qianyuan Power Co.,Ltd. (贵州黔源电力股份有限公司) (002039.SZ) reported a net loss of 23.8 million yuan in the first quarter of 2023, reversing a net profit of 168.4 million yuan for the same period in the previous year.

Meanwhile, the company posted 219.6 million yuan in revenue, down 60.7% year-on-year.

At the end of the reporting period, it had 16.7 billion yuan in total assets and 10.3 billion yuan in total liabilities, with a liability-to-asset ratio of 61.8%.