Wedge Industrial Co.,Ltd.’s Net Profit Rose 29% in First Half of 2022

Wedge Industrial Co.,Ltd. (万泽实业股份有限公司) (000534.SZ) reported a net profit of 75.6 million yuan in the first half of 2022, up 29% year-on-year.

Meanwhile, the company posted 374.6 million yuan in revenue, up 33.8% year-on-year.

At the end of the reporting period, it had 2.4 billion yuan in total assets and 1.2 billion yuan in total liabilities, with a liability-to-asset ratio of 50.5%.