Welle Environmental Group Co.,Ltd.’s Net Profit Dropped 66.7% in First Quarter of 2023

Welle Environmental Group Co.,Ltd. (维尔利环保科技集团股份有限公司) (300190.SZ) reported a net profit of 11 million yuan in the first quarter of 2023, down 66.7% year-on-year.

Meanwhile, the company posted 423.2 million yuan in revenue, down 2.5% year-on-year.

At the end of the reporting period, it had 9.8 billion yuan in total assets and 5.9 billion yuan in total liabilities, with a liability-to-asset ratio of 59.7%.