Elion Energy Company Limited’s Net Profit Dropped 90.4% in First Quarter of 2023

Elion Energy Company Limited (亿利洁能股份有限公司) (600277.SH) reported a net profit of 17.5 million yuan in the first quarter of 2023, down 90.4% year-on-year.

Meanwhile, the company posted 2.7 billion yuan in revenue, down 14.1% year-on-year.

At the end of the reporting period, it had 35.6 billion yuan in total assets and 15.5 billion yuan in total liabilities, with a liability-to-asset ratio of 43.5%.