Weifu High-Technology Group Co.,Ltd.’s Net Profit Dropped 39.8% in First Three Quarters of 2022

Weifu High-Technology Group Co.,Ltd. (无锡威孚高科技集团股份有限公司) (000581.SZ) reported a net profit of 1.3 billion yuan in the first three quarters of 2022, down 39.8% year-on-year.

Meanwhile, the company posted 9.7 billion yuan in revenue, down 21.2% year-on-year.

At the end of the reporting period, it had 29.4 billion yuan in total assets and 9.9 billion yuan in total liabilities, with a liability-to-asset ratio of 33.6%.