Welle Environmental Group Co.,Ltd.’s Net Profit Dropped 69% in First Half 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 39.9 million yuan in the first half of 2022, down 69% year-on-year.

Meanwhile, the company posted 1 billion yuan in revenue, down 36.1% 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 57.3%.