Welle Environmental Group Co.,Ltd.’s Net Profit Dropped 56.8% in First Three Quarters 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 20.8 million yuan in the first three quarters of 2023, down 56.8% year-on-year.

Meanwhile, the company posted 1.6 billion yuan in revenue, up 9.3% year-on-year.

At the end of the reporting period, it had 9.4 billion yuan in total assets and 5.5 billion yuan in total liabilities, with a liability-to-asset ratio of 58.4%.