Welle Environmental Group Co.,Ltd. Posted 465.3 Million Yuan Net Loss in 2022

Welle Environmental Group Co.,Ltd. (维尔利环保科技集团股份有限公司) (300190.SZ) reported a net loss of 465.3 million yuan in 2022, reversing a net profit of 187.8 million yuan for the previous year.

Meanwhile, the company posted 2.1 billion yuan in revenue, down 35% year-on-year.

At the end of the reporting period, it had 9.9 billion yuan in total assets and 5.9 billion yuan in total liabilities, with a liability-to-asset ratio of 60%.