Shandong Weida Machinery Co.,Ltd.’s Net Profit Dropped 26.3% in First Quarter of 2022

Shandong Weida Machinery Co.,Ltd. (山东威达机械股份有限公司) (002026.SZ) reported a net profit of 69 million yuan in the first quarter of 2022, down 26.3% year-on-year.

Meanwhile, the company posted 767.6 million yuan in revenue, up 29.9% year-on-year.

At the end of the reporting period, it had 4.7 billion yuan in total assets and 1.5 billion yuan in total liabilities, with a liability-to-asset ratio of 31.5%.