Cecep Guozhenenvironmental Protection Technology Co.,Ltd.’s Net Profit Dropped 9.5% in First Quarter of 2022

Cecep Guozhenenvironmental Protection Technology Co.,Ltd. (中节能国祯环保科技股份有限公司) (300388.SZ) reported a net profit of 60.6 million yuan in the first quarter of 2022, down 9.5% year-on-year.

Meanwhile, the company posted 835.1 million yuan in revenue, up 9.4% year-on-year.

At the end of the reporting period, it had 15 billion yuan in total assets and 11 billion yuan in total liabilities, with a liability-to-asset ratio of 73.4%.