Apr 28, 2023 08:00 AM

Wetown Electric Group Co.,Ltd.’s Net Profit Rose 22.4% in 2022

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Wetown Electric Group Co.,Ltd. (威腾电气集团股份有限公司) (688226.SH) reported a net profit of 73.9 million yuan in 2022, up 22.4% year-on-year.

Meanwhile, the company posted 1.6 billion yuan in revenue, up 30.5% year-on-year.

At the end of the reporting period, it had 1.9 billion yuan in total assets and 922.8 million yuan in total liabilities, with a liability-to-asset ratio of 49.4%.

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