Guangxi Guiguan Electric Power Co.,Ltd.’s Net Profit Dropped 53.5% in First Half of 2023

Guangxi Guiguan Electric Power Co.,Ltd. (广西桂冠电力股份有限公司) (600236.SH) reported a net profit of 1 billion yuan in the first half of 2023, down 53.5% year-on-year.

Meanwhile, the company posted 4.2 billion yuan in revenue, down 26.1% year-on-year.

At the end of the reporting period, it had 45.4 billion yuan in total assets and 23.8 billion yuan in total liabilities, with a liability-to-asset ratio of 52.4%.