Weichai Power Co.,Ltd.’s Net Profit Dropped 65% in First Three Quarters of 2022

Weichai Power Co.,Ltd. (潍柴动力股份有限公司) (000338.SZ) reported a net profit of 3.7 billion yuan in the first three quarters of 2022, down 65% year-on-year.

Meanwhile, the company posted 130.5 billion yuan in revenue, down 27.4% year-on-year.

At the end of the reporting period, it had 294.8 billion yuan in total assets and 193.2 billion yuan in total liabilities, with a liability-to-asset ratio of 65.5%.