Shengyuan Environmental Protection Co.,Ltd.’s Net Profit Dropped 43.9% in First Quarter of 2023

Shengyuan Environmental Protection Co.,Ltd. (圣元环保股份有限公司) (300867.SZ) reported a net profit of 40.9 million yuan in the first quarter of 2023, down 43.9% year-on-year.

Meanwhile, the company posted 385.5 million yuan in revenue, down 22.2% year-on-year.

At the end of the reporting period, it had 8.3 billion yuan in total assets and 4.9 billion yuan in total liabilities, with a liability-to-asset ratio of 58.9%.