Wuxi Delinhai Environmental Technology Co.,Ltd.’s Net Profit Dropped 92.3% in First Quarter of 2022

Wuxi Delinhai Environmental Technology Co.,Ltd. (无锡德林海环保科技股份有限公司) (688069.SH) reported a net profit of 3.1 million yuan in the first quarter of 2022, down 92.3% year-on-year.

Meanwhile, the company posted 44.6 million yuan in revenue, down 61.3% year-on-year.

At the end of the reporting period, it had 1.7 billion yuan in total assets and 244.3 million yuan in total liabilities, with a liability-to-asset ratio of 14.1%.