Shandong Weida Machinery Co.,Ltd.’s Net Profit Dropped 23.1% in First Three Quarters of 2022

Shandong Weida Machinery Co.,Ltd. (山东威达机械股份有限公司) (002026.SZ) reported a net profit of 228.7 million yuan in the first three quarters of 2022, down 23.1% year-on-year.

Meanwhile, the company posted 1.9 billion yuan in revenue, down 19.8% year-on-year.

At the end of the reporting period, it had 5.2 billion yuan in total assets and 1.8 billion yuan in total liabilities, with a liability-to-asset ratio of 35.4%.