Wpg(Shanghai) Smart Water Public Co.,Ltd. Posted 55.1 Million Yuan Net Loss in First Quarter of 2022

Wpg(Shanghai) Smart Water Public Co.,Ltd. (上海威派格智慧水务股份有限公司) (603956.SH) reported a net loss of 55.1 million yuan in the first quarter of 2022, reversing a net profit of 13.6 million yuan for the same period in the previous year.

Meanwhile, the company posted 110.6 million yuan in revenue, down 25.8% year-on-year.

At the end of the reporting period, it had 2.4 billion yuan in total assets and 1.1 billion yuan in total liabilities, with a liability-to-asset ratio of 45.4%.