Shanghai Welltech Automation Co.,Ltd. Posted 5.9 Million Yuan Net Loss in First Quarter of 2023

Shanghai Welltech Automation Co.,Ltd. (上海威尔泰工业自动化股份有限公司) (002058.SZ) reported a net loss of 5.9 million yuan in the first quarter of 2023, widening 176.8% year-on-year.

Meanwhile, the company posted 24.8 million yuan in revenue, down 21.1% year-on-year.

At the end of the reporting period, it had 362.1 million yuan in total assets and 166.2 million yuan in total liabilities, with a liability-to-asset ratio of 45.9%.