Shanghai Welltech Automation Co.,Ltd. Posted 2.1 Million Yuan Net Loss in First Quarter of 2022

Shanghai Welltech Automation Co.,Ltd. (上海威尔泰工业自动化股份有限公司) (002058.SZ) reported a net loss of 2.1 million yuan in the first quarter of 2022, widening 261.9% year-on-year.

Meanwhile, the company posted 31.4 million yuan in revenue, down 7% year-on-year.

At the end of the reporting period, it had 347.9 million yuan in total assets and 131.1 million yuan in total liabilities, with a liability-to-asset ratio of 37.7%.