Grandblue Environment Company Limited’s Net Profit Dropped 30.9% in First Quarter of 2022

Grandblue Environment Company Limited (瀚蓝环境股份有限公司) (600323.SH) reported a net profit of 165.9 million yuan in the first quarter of 2022, down 30.9% year-on-year.

Meanwhile, the company posted 2.7 billion yuan in revenue, up 32% year-on-year.

At the end of the reporting period, it had 30 billion yuan in total assets and 19.3 billion yuan in total liabilities, with a liability-to-asset ratio of 64.4%.