Guangdong Electric Power Development (SHE:000539) posted first-quarter net loss attributable to shareholders of 382.9 million yuan, compared with a profit of 126.3 million yuan the previous year.
Loss per share was 0.0729 yuan, versus earnings per share of 0.0241 yuan, according to a filing with the Shenzhen bourse.
The power company's revenue declined 17% year over year to 10.6 billion yuan from 12.8 billion yuan.
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