Welle Environmental Group Co.,Ltd.’s Net Profit Dropped 40.6% in First Quarter of 2022

Welle Environmental Group Co.,Ltd. (维尔利环保科技集团股份有限公司) (300190.SZ) reported a net profit of 32.9 million yuan in the first quarter of 2022, down 40.6% year-on-year.

Meanwhile, the company posted 434 million yuan in revenue, down 34.6% year-on-year.

At the end of the reporting period, it had 10.5 billion yuan in total assets and 6 billion yuan in total liabilities, with a liability-to-asset ratio of 56.8%.