Wuxi Xuelang Enviromental Technology Co.,Ltd.’s Net Profit Dropped 91.2% in First Quarter of 2022

Wuxi Xuelang Enviromental Technology Co.,Ltd. (无锡雪浪环境科技股份有限公司) (300385.SZ) reported a net profit of 2.6 million yuan in the first quarter of 2022, down 91.2% year-on-year.

Meanwhile, the company posted 438.9 million yuan in revenue, up 2.1% year-on-year.

At the end of the reporting period, it had 3.4 billion yuan in total assets and 2.3 billion yuan in total liabilities, with a liability-to-asset ratio of 66.5%.