Zhejiang Weiming Environment Protection's (SHA:603568) net profit attributable to shareholders in the first half dropped 35% to 929.5 million yuan from 1.42 billion yuan a year earlier, according to a Shanghai bourse filing on Saturday.
The Chinese solid waste disposal company's shares slumped 5% at the close of Monday's trade.
Earnings per share fell 45% year on year to 0.45 yuan from 0.82 yuan.
Operating revenue declined 21% to 3.07 billion yuan from 3.90 billion yuan in the prior year.
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