Shenzhen Woer Heat-Shrinkable Material Co.,Ltd.’s Net Profit Dropped 31.1% in First Quarter of 2022

Shenzhen Woer Heat-Shrinkable Material Co.,Ltd. (深圳市沃尔核材股份有限公司) (002130.SZ) reported a net profit of 113.1 million yuan in the first quarter of 2022, down 31.1% year-on-year.

Meanwhile, the company posted 1.2 billion yuan in revenue, down 1.9% year-on-year.

At the end of the reporting period, it had 7.9 billion yuan in total assets and 3.7 billion yuan in total liabilities, with a liability-to-asset ratio of 46.5%.