Zhengzhou Coal Industry And Electric Power Co.,Ltd.’s Net Profit Rose 9.6% in First Quarter of 2023

Zhengzhou Coal Industry And Electric Power Co.,Ltd. (郑州煤电股份有限公司) (600121.SH) reported a net profit of 120.4 million yuan in the first quarter of 2023, up 9.6% year-on-year.

Meanwhile, the company posted 1.2 billion yuan in revenue, up 7.8% year-on-year.

At the end of the reporting period, it had 14 billion yuan in total assets and 11.2 billion yuan in total liabilities, with a liability-to-asset ratio of 79.9%.