Wedge Industrial Co.,Ltd.’s Net Profit Dropped 23.9% in First Quarter of 2022

Wedge Industrial Co.,Ltd. (万泽实业股份有限公司) (000534.SZ) reported a net profit of 31.5 million yuan in the first quarter of 2022, down 23.9% year-on-year.

Meanwhile, the company posted 136.4 million yuan in revenue, down 1.8% year-on-year.

At the end of the reporting period, it had 2.3 billion yuan in total assets and 1.2 billion yuan in total liabilities, with a liability-to-asset ratio of 50.5%.