Shandong Weida Machinery Co.,Ltd.’s Net Profit Dropped 78.7% in First Quarter of 2023

Shandong Weida Machinery Co.,Ltd. (山东威达机械股份有限公司) (002026.SZ) reported a net profit of 14.7 million yuan in the first quarter of 2023, down 78.7% year-on-year.

Meanwhile, the company posted 451.7 million yuan in revenue, down 41.2% 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 33.4%.