Wpg(Shanghai) Smart Water Public Co.,Ltd. Posted 81.3 Million Yuan Net Loss in First Half of 2022

Wpg(Shanghai) Smart Water Public Co.,Ltd. (上海威派格智慧水务股份有限公司) (603956.SH) reported a net loss of 81.3 million yuan in the first half of 2022, reversing a net profit of 70.4 million yuan for the same period in the previous year.

Meanwhile, the company posted 317.8 million yuan in revenue, down 28.7% year-on-year.

At the end of the reporting period, it had 3.2 billion yuan in total assets and 1 billion yuan in total liabilities, with a liability-to-asset ratio of 32.7%.