Shandong Xinneng Taishan Power Generation Co.,Ltd. Posted 34.5 Million Yuan Net Loss in First Half of 2023

Shandong Xinneng Taishan Power Generation Co.,Ltd. (山东新能泰山发电股份有限公司) (000720.SZ) reported a net loss of 34.5 million yuan in the first half of 2023, narrowing 49.4% year-on-year.

Meanwhile, the company posted 894.2 million yuan in revenue, down 55.5% year-on-year.

At the end of the reporting period, it had 5.3 billion yuan in total assets and 2.7 billion yuan in total liabilities, with a liability-to-asset ratio of 50.9%.