Shenzhen Wote Advanced Materials Co.,Ltd.’s Net Profit Dropped 64.1% in 2022

Shenzhen Wote Advanced Materials Co.,Ltd. (深圳市沃特新材料股份有限公司) (002886.SZ) reported a net profit of 26 million yuan in 2022, down 64.1% year-on-year.

Meanwhile, the company posted 1.5 billion yuan in revenue, down 3.2% year-on-year.

At the end of the reporting period, it had 2.7 billion yuan in total assets and 1.4 billion yuan in total liabilities, with a liability-to-asset ratio of 51.6%.