Cecep Techand Ecology&Environment Co.,Ltd. Posted 119.7 Million Yuan Net Loss in First Quarter of 2022

Cecep Techand Ecology&Environment Co.,Ltd. (中节能铁汉生态环境股份有限公司) (300197.SZ) reported a net loss of 119.7 million yuan in the first quarter of 2022, narrowing 18.2% year-on-year.

Meanwhile, the company posted 579.4 million yuan in revenue, up 6.3% year-on-year.

At the end of the reporting period, it had 30.8 billion yuan in total assets and 23 billion yuan in total liabilities, with a liability-to-asset ratio of 74.8%.