Weichai Power Co.,Ltd.’s Net Profit Dropped 65.6% in First Half of 2022

Weichai Power Co.,Ltd. (潍柴动力股份有限公司) (000338.SZ) reported a net profit of 3 billion yuan in the first half of 2022, down 65.6% year-on-year.

Meanwhile, the company posted 86.7 billion yuan in revenue, down 35.9% year-on-year.

At the end of the reporting period, it had 290.1 billion yuan in total assets and 183.8 billion yuan in total liabilities, with a liability-to-asset ratio of 63.4%.