Guangdong Electric Power Development Co.,Ltd. Posted 1.2 Billion Yuan Net Profit in First Half of 2023

Guangdong Electric Power Development Co.,Ltd. (广东电力发展股份有限公司) (000539.SZ) reported a net profit of 1.2 billion yuan in the first half of 2023, reversing a net loss of 2.1 billion yuan for the same period in the previous year.

Meanwhile, the company posted 28.3 billion yuan in revenue, up 25.3% year-on-year.

At the end of the reporting period, it had 143 billion yuan in total assets and 114 billion yuan in total liabilities, with a liability-to-asset ratio of 79.7%.