Weihai Guangtai Airport Equipment Co.,Ltd.’s Net Profit Dropped 19% in First Quarter of 2022

Weihai Guangtai Airport Equipment Co.,Ltd. (威海广泰空港设备股份有限公司) (002111.SZ) reported a net profit of 61 million yuan in the first quarter of 2022, down 19% year-on-year.

Meanwhile, the company posted 525.8 million yuan in revenue, down 12.8% year-on-year.

At the end of the reporting period, it had 5.1 billion yuan in total assets and 1.8 billion yuan in total liabilities, with a liability-to-asset ratio of 35.7%.