M-Grass Ecology And Environment(Group) Co.,Ltd.’s Net Profit Rose 34.1% in First Quarter of 2023

M-Grass Ecology And Environment(Group) Co.,Ltd. (蒙草生态环境(集团)股份有限公司) (300355.SZ) reported a net profit of 44.4 million yuan in the first quarter of 2023, up 34.1% year-on-year.

Meanwhile, the company posted 292.6 million yuan in revenue, down 3.9% year-on-year.

At the end of the reporting period, it had 15.7 billion yuan in total assets and 10 billion yuan in total liabilities, with a liability-to-asset ratio of 63.2%.