Dayu Irrigation Group Co.,Ltd.’s Net Profit Dropped 37.7% in First Quarter of 2022

Dayu Irrigation Group Co.,Ltd. (大禹节水集团股份有限公司) (300021.SZ) reported a net profit of 7 million yuan in the first quarter of 2022, down 37.7% year-on-year.

Meanwhile, the company posted 542.4 million yuan in revenue, up 24.7% year-on-year.

At the end of the reporting period, it had 6.4 billion yuan in total assets and 4.1 billion yuan in total liabilities, with a liability-to-asset ratio of 63.6%.