Zhejiang Zheneng Electric Power Co.,Ltd.’s Net Profit Rose 104% in First Quarter of 2023

Zhejiang Zheneng Electric Power Co.,Ltd. (浙江浙能电力股份有限公司) (600023.SH) reported a net profit of 1.1 billion yuan in the first quarter of 2023, up 104% year-on-year.

Meanwhile, the company posted 17.6 billion yuan in revenue, down 3.6% year-on-year.

At the end of the reporting period, it had 141 billion yuan in total assets and 67.6 billion yuan in total liabilities, with a liability-to-asset ratio of 48%.