Road Environment Technology Co.,Ltd.’s Net Profit Dropped 47.6% in First Quarter of 2022

Road Environment Technology Co.,Ltd. (路德环境科技股份有限公司) (688156.SH) reported a net profit of 4.2 million yuan in the first quarter of 2022, down 47.6% year-on-year.

Meanwhile, the company posted 57.1 million yuan in revenue, up 15.4% year-on-year.

At the end of the reporting period, it had 1 billion yuan in total assets and 157.8 million yuan in total liabilities, with a liability-to-asset ratio of 16.1%.