Shenzhen Woer Heat-Shrinkable Material Co.,Ltd.’s Net Profit Dropped 0.5% in First Quarter of 2023

Shenzhen Woer Heat-Shrinkable Material Co.,Ltd. (深圳市沃尔核材股份有限公司) (002130.SZ) reported a net profit of 112.5 million yuan in the first quarter of 2023, down 0.5% year-on-year.

Meanwhile, the company posted 1.1 billion yuan in revenue, down 1% year-on-year.

At the end of the reporting period, it had 8.3 billion yuan in total assets and 3.4 billion yuan in total liabilities, with a liability-to-asset ratio of 40.5%.