Dayu Irrigation Group Co.,Ltd.’s Net Profit Dropped 41.3% in First Quarter of 2023

Dayu Irrigation Group Co.,Ltd. (大禹节水集团股份有限公司) (300021.SZ) reported a net profit of 4.1 million yuan in the first quarter of 2023, down 41.3% year-on-year.

Meanwhile, the company posted 457.4 million yuan in revenue, down 15.7% year-on-year.

At the end of the reporting period, it had 6.8 billion yuan in total assets and 4.4 billion yuan in total liabilities, with a liability-to-asset ratio of 65.2%.