Suntar Environmental Technology Co.,Ltd.’s Net Profit Dropped 15.5% in First Quarter of 2023

Suntar Environmental Technology Co.,Ltd. (三达膜环境技术股份有限公司) (688101.SH) reported a net profit of 50.3 million yuan in the first quarter of 2023, down 15.5% year-on-year.

Meanwhile, the company posted 203.1 million yuan in revenue, up 23.6% year-on-year.

At the end of the reporting period, it had 5.3 billion yuan in total assets and 1.6 billion yuan in total liabilities, with a liability-to-asset ratio of 30.9%.