Huadian Heavy Industries Co.,Ltd.’s Net Profit Dropped 43.3% in First Half of 2023

Huadian Heavy Industries Co.,Ltd. (华电重工股份有限公司) (601226.SH) reported a net profit of 57.6 million yuan in the first half of 2023, down 43.3% year-on-year.

Meanwhile, the company posted 2.4 billion yuan in revenue, down 30.5% year-on-year.

At the end of the reporting period, it had 10.5 billion yuan in total assets and 6.1 billion yuan in total liabilities, with a liability-to-asset ratio of 57.9%.