Chongqing Water Group Co.,Ltd.’s Net Profit Dropped 31.9% in First Quarter of 2022

Chongqing Water Group Co.,Ltd. (重庆水务集团股份有限公司) (601158.SH) reported a net profit of 387.2 million yuan in the first quarter of 2022, down 31.9% year-on-year.

Meanwhile, the company posted 1.6 billion yuan in revenue, up 10.9% year-on-year.

At the end of the reporting period, it had 29.4 billion yuan in total assets and 12.4 billion yuan in total liabilities, with a liability-to-asset ratio of 42.4%.