Shandong Weida Machinery Co.,Ltd.’s Net Profit Dropped 42.8% in 2022

Shandong Weida Machinery Co.,Ltd. (山东威达机械股份有限公司) (002026.SZ) reported a net profit of 227.9 million yuan in 2022, down 42.8% year-on-year.

Meanwhile, the company posted 2.5 billion yuan in revenue, down 25.5% year-on-year.

At the end of the reporting period, it had 5 billion yuan in total assets and 1.7 billion yuan in total liabilities, with a liability-to-asset ratio of 34.5%.