Shandong Xinneng Taishan Power Generation Co.,Ltd. Posted 20.3 Million Yuan Net Loss in First Quarter of 2023

Shandong Xinneng Taishan Power Generation Co.,Ltd. (山东新能泰山发电股份有限公司) (000720.SZ) reported a net loss of 20.3 million yuan in the first quarter of 2023, narrowing 37.2% year-on-year.

Meanwhile, the company posted 600.4 million yuan in revenue, down 20.5% year-on-year.

At the end of the reporting period, it had 5.3 billion yuan in total assets and 2.7 billion yuan in total liabilities, with a liability-to-asset ratio of 50.8%.