Hangzhou Dadi Haiyang Environmental Protection Co.,Ltd.’s Net Profit Dropped 22.6% in First Quarter of 2023

Hangzhou Dadi Haiyang Environmental Protection Co.,Ltd. (杭州大地海洋环保股份有限公司) (301068.SZ) reported a net profit of 4.4 million yuan in the first quarter of 2023, down 22.6% year-on-year.

Meanwhile, the company posted 186.1 million yuan in revenue, up 24.6% year-on-year.

At the end of the reporting period, it had 1.2 billion yuan in total assets and 436.7 million yuan in total liabilities, with a liability-to-asset ratio of 35.6%.