Guangdong Liantai Environmental Protection Co.,Ltd.’s Net Profit Dropped 11.9% in First Quarter of 2023

Guangdong Liantai Environmental Protection Co.,Ltd. (广东联泰环保股份有限公司) (603797.SH) reported a net profit of 66.4 million yuan in the first quarter of 2023, down 11.9% year-on-year.

Meanwhile, the company posted 349.5 million yuan in revenue, up 19.1% year-on-year.

At the end of the reporting period, it had 10.3 billion yuan in total assets and 7.3 billion yuan in total liabilities, with a liability-to-asset ratio of 70.6%.