Shanghai Welltech Automation Co.,Ltd. Posted 6.1 Million Yuan Net Loss in First Half 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 6.1 million yuan in the first half of 2022, reversing a net profit of 2.6 million yuan for the same period in the previous year.

Meanwhile, the company posted 54.2 million yuan in revenue, down 33.1% year-on-year.

At the end of the reporting period, it had 351.4 million yuan in total assets and 140.7 million yuan in total liabilities, with a liability-to-asset ratio of 40%.