Wpg(Shanghai) Smart Water Public Co.,Ltd. Posted 46 Million Yuan Net Loss in First Quarter of 2023

Wpg(Shanghai) Smart Water Public Co.,Ltd. (上海威派格智慧水务股份有限公司) (603956.SH) reported a net loss of 46 million yuan in the first quarter of 2023, narrowing 16.6% year-on-year.

Meanwhile, the company posted 156.5 million yuan in revenue, up 41.5% year-on-year.

At the end of the reporting period, it had 3.3 billion yuan in total assets and 1.2 billion yuan in total liabilities, with a liability-to-asset ratio of 37.1%.