Weihai Guangtai Airport Equipment Co.,Ltd.’s Net Profit Dropped 51% in First Quarter of 2023

Weihai Guangtai Airport Equipment Co.,Ltd. (威海广泰空港设备股份有限公司) (002111.SZ) reported a net profit of 30.4 million yuan in the first quarter of 2023, down 51% year-on-year.

Meanwhile, the company posted 473.4 million yuan in revenue, down 13.5% year-on-year.

At the end of the reporting period, it had 5.6 billion yuan in total assets and 2.5 billion yuan in total liabilities, with a liability-to-asset ratio of 45.2%.