Huaneng Lancang River Hydropower Co.,Ltd.’s Net Profit Dropped 17% in First Half of 2023

Huaneng Lancang River Hydropower Co.,Ltd. (华能澜沧江水电股份有限公司) (600025.SH) reported a net profit of 3.4 billion yuan in the first half of 2023, down 17% year-on-year.

Meanwhile, the company posted 9.3 billion yuan in revenue, down 16.2% year-on-year.

At the end of the reporting period, it had 168.4 billion yuan in total assets and 98.6 billion yuan in total liabilities, with a liability-to-asset ratio of 58.6%.