Weichai Power Co.,Ltd.’s Net Profit Dropped 70.1% in First Quarter of 2022

Weichai Power Co.,Ltd. (潍柴动力股份有限公司) (000338.SZ) reported a net profit of 1.3 billion yuan in the first quarter of 2022, down 70.1% year-on-year.

Meanwhile, the company posted 41.1 billion yuan in revenue, down 37.2% year-on-year.

At the end of the reporting period, it had 277.7 billion yuan in total assets and 172.1 billion yuan in total liabilities, with a liability-to-asset ratio of 62%.