Cecep Guozhenenvironmental Protection Technology Co.,Ltd.’s Net Profit Rose 1.6% in First Quarter of 2023

Cecep Guozhenenvironmental Protection Technology Co.,Ltd. (中节能国祯环保科技股份有限公司) (300388.SZ) reported a net profit of 61.6 million yuan in the first quarter of 2023, up 1.6% year-on-year.

Meanwhile, the company posted 712.7 million yuan in revenue, down 14.7% year-on-year.

At the end of the reporting period, it had 15.2 billion yuan in total assets and 11 billion yuan in total liabilities, with a liability-to-asset ratio of 72%.