Zhejiang Zheneng Electric Power Co.,Ltd. Posted 3.1 Billion Yuan Net Profit in First Half of 2023

Zhejiang Zheneng Electric Power Co.,Ltd. (浙江浙能电力股份有限公司) (600023.SH) reported a net profit of 3.1 billion yuan in the first half of 2023, reversing a net loss of 134.9 million yuan for the same period in the previous year.

Meanwhile, the company posted 41.7 billion yuan in revenue, up 16.2% year-on-year.

At the end of the reporting period, it had 144.5 billion yuan in total assets and 69 billion yuan in total liabilities, with a liability-to-asset ratio of 47.7%.