Cecep Techand Ecology&Environment Co.,Ltd. Posted 13.5 Million Yuan Net Profit in First Quarter of 2023

Cecep Techand Ecology&Environment Co.,Ltd. (中节能铁汉生态环境股份有限公司) (300197.SZ) reported a net profit of 13.5 million yuan in the first quarter of 2023, reversing a net loss of 119.7 million yuan for the same period in the previous year.

Meanwhile, the company posted 512.3 million yuan in revenue, down 11.6% year-on-year.

At the end of the reporting period, it had 31.8 billion yuan in total assets and 24.7 billion yuan in total liabilities, with a liability-to-asset ratio of 77.8%.