Guangdong Meiyan Jixiang Hydropower Co.,Ltd.’s Net Profit Rose 524% in First Quarter of 2023

Guangdong Meiyan Jixiang Hydropower Co.,Ltd. (广东梅雁吉祥水电股份有限公司) (600868.SH) reported a net profit of 11.6 million yuan in the first quarter of 2023, up 524% year-on-year.

Meanwhile, the company posted 65.7 million yuan in revenue, up 8.2% year-on-year.

At the end of the reporting period, it had 2.9 billion yuan in total assets and 385.7 million yuan in total liabilities, with a liability-to-asset ratio of 13.4%.