Huaneng Power International,Inc. Posted 13.5 Billion Yuan Net Profit in First Three Quarters of 2023

Huaneng Power International,Inc. (华能国际电力股份有限公司) (600011.SH) reported a net profit of 13.5 billion yuan in the first three quarters of 2023, reversing a net loss of 5.5 billion yuan for the same period in the previous year.

Meanwhile, the company posted 191.3 billion yuan in revenue, up 4% year-on-year.

At the end of the reporting period, it had 521.7 billion yuan in total assets and 365.3 billion yuan in total liabilities, with a liability-to-asset ratio of 70%.