Weichai Power Co.,Ltd.’s Net Profit Dropped 53.4% in 2022

Weichai Power Co.,Ltd. (潍柴动力股份有限公司) (000338.SZ) reported a net profit of 5.7 billion yuan in 2022, down 53.4% year-on-year.

Meanwhile, the company posted 175.2 billion yuan in revenue, down 20.5% year-on-year.

At the end of the reporting period, it had 293.7 billion yuan in total assets and 189.6 billion yuan in total liabilities, with a liability-to-asset ratio of 64.6%.