Guangdong Meiyan Jixiang Hydropower Co.,Ltd.’s Net Profit Dropped 51.1% in First Half 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 16.8 million yuan in the first half of 2023, down 51.1% year-on-year.

Meanwhile, the company posted 141.3 million yuan in revenue, down 29.4% year-on-year.

At the end of the reporting period, it had 2.9 billion yuan in total assets and 376.2 million yuan in total liabilities, with a liability-to-asset ratio of 13.2%.