Road Environment Technology Co.,Ltd.’s Net Profit Rose 26.2% in First Quarter of 2023

Road Environment Technology Co.,Ltd. (路德环境科技股份有限公司) (688156.SH) reported a net profit of 5.3 million yuan in the first quarter of 2023, up 26.2% year-on-year.

Meanwhile, the company posted 55.7 million yuan in revenue, down 2.4% year-on-year.

At the end of the reporting period, it had 1.2 billion yuan in total assets and 367.2 million yuan in total liabilities, with a liability-to-asset ratio of 30.7%.