Wuxi Xuelang Enviromental Technology Co.,Ltd.’s Net Profit Rose 379.9% in First Quarter of 2023

Wuxi Xuelang Enviromental Technology Co.,Ltd. (无锡雪浪环境科技股份有限公司) (300385.SZ) reported a net profit of 12.3 million yuan in the first quarter of 2023, up 379.9% year-on-year.

Meanwhile, the company posted 295.9 million yuan in revenue, down 32.6% year-on-year.

At the end of the reporting period, it had 3.2 billion yuan in total assets and 2.3 billion yuan in total liabilities, with a liability-to-asset ratio of 73.5%.