Wuxi Delinhai Environmental Technology Co.,Ltd. Posted 15.3 Million Yuan Net Loss in First Quarter of 2023

Wuxi Delinhai Environmental Technology Co.,Ltd. (无锡德林海环保科技股份有限公司) (688069.SH) reported a net loss of 15.3 million yuan in the first quarter of 2023, reversing a net profit of 3.1 million yuan for the same period in the previous year.

Meanwhile, the company posted 31.1 million yuan in revenue, down 30.3% year-on-year.

At the end of the reporting period, it had 1.7 billion yuan in total assets and 227.1 million yuan in total liabilities, with a liability-to-asset ratio of 13.6%.