Cecep Environmental Protection Equipment Co.,Ltd. Posted 1.7 Million Yuan Net Loss in First Quarter of 2023

Cecep Environmental Protection Equipment Co.,Ltd. (中节能环保装备股份有限公司) (300140.SZ) reported a net loss of 1.7 million yuan in the first quarter of 2023, narrowing 72.3% year-on-year.

Meanwhile, the company posted 242.3 million yuan in revenue, up 22.6% year-on-year.

At the end of the reporting period, it had 2.7 billion yuan in total assets and 1.2 billion yuan in total liabilities, with a liability-to-asset ratio of 45.2%.