Fujian Mindong Electric Power Co.,Ltd.’s Net Profit Dropped 42.4% in First Quarter of 2023

Fujian Mindong Electric Power Co.,Ltd. (福建闽东电力股份有限公司) (000993.SZ) reported a net profit of 21.1 million yuan in the first quarter of 2023, down 42.4% year-on-year.

Meanwhile, the company posted 213.4 million yuan in revenue, up 50.7% year-on-year.

At the end of the reporting period, it had 4.2 billion yuan in total assets and 1.9 billion yuan in total liabilities, with a liability-to-asset ratio of 45.2%.