Chongqing Sanfeng Environment Group Corp.,Ltd.’s Net Profit Dropped 44.7% in First Quarter of 2022

Chongqing Sanfeng Environment Group Corp.,Ltd. (重庆三峰环境集团股份有限公司) (601827.SH) reported a net profit of 315.9 million yuan in the first quarter of 2022, down 44.7% year-on-year.

Meanwhile, the company posted 1.5 billion yuan in revenue, down 3.3% year-on-year.

At the end of the reporting period, it had 22.6 billion yuan in total assets and 12.9 billion yuan in total liabilities, with a liability-to-asset ratio of 57%.