Jinneng Holding Shanxi Electric Power Co.,Ltd. Posted 165.8 Million Yuan Net Loss in First Quarter of 2023

Jinneng Holding Shanxi Electric Power Co.,Ltd. (晋能控股山西电力股份有限公司) (000767.SZ) reported a net loss of 165.8 million yuan in the first quarter of 2023, reversing a net profit of 10.3 million yuan for the same period in the previous year.

Meanwhile, the company posted 5.5 billion yuan in revenue, up 19.4% year-on-year.

At the end of the reporting period, it had 63.3 billion yuan in total assets and 52.9 billion yuan in total liabilities, with a liability-to-asset ratio of 83.5%.