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

Shengyuan Environmental Protection Co.,Ltd. (圣元环保股份有限公司) (300867.SZ) reported a net profit of 72.9 million yuan in the first quarter of 2022, down 40.6% year-on-year.

Meanwhile, the company posted 495.2 million yuan in revenue, up 86.6% year-on-year.

At the end of the reporting period, it had 8 billion yuan in total assets and 4.7 billion yuan in total liabilities, with a liability-to-asset ratio of 58.9%.