Shanghai Welltech Automation Co.,Ltd. Posted 6.2 Million Yuan Net Loss in First Three Quarters 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 6.2 million yuan in the first three quarters of 2022, reversing a net profit of 11.4 million yuan for the same period in the previous year.

Meanwhile, the company posted 97.4 million yuan in revenue, down 35.8% year-on-year.

At the end of the reporting period, it had 387.1 million yuan in total assets and 176.5 million yuan in total liabilities, with a liability-to-asset ratio of 45.6%.