China Western Power Industrial Co.,Ltd. Posted 134.8 Million Yuan Net Loss in First Quarter of 2023

China Western Power Industrial Co.,Ltd. (华西能源工业股份有限公司) (002630.SZ) reported a net loss of 134.8 million yuan in the first quarter of 2023, narrowing 14.8% year-on-year.

Meanwhile, the company posted 158 million yuan in revenue, down 32.9% year-on-year.

At the end of the reporting period, it had 10 billion yuan in total assets and 9.1 billion yuan in total liabilities, with a liability-to-asset ratio of 90.8%.