Weihai Huadong Automation Co.,Ltd.’s Net Profit Dropped 14.1% in First Quarter of 2022

Weihai Huadong Automation Co.,Ltd. (威海华东数控股份有限公司) (002248.SZ) reported a net profit of 4 million yuan in the first quarter of 2022, down 14.1% year-on-year.

Meanwhile, the company posted 60.3 million yuan in revenue, down 14.8% year-on-year.

At the end of the reporting period, it had 531 million yuan in total assets and 463.3 million yuan in total liabilities, with a liability-to-asset ratio of 87.2%.