Weifu High-Technology Group Co.,Ltd.’s Net Profit Dropped 43.2% in First Quarter of 2023

Weifu High-Technology Group Co.,Ltd. (无锡威孚高科技集团股份有限公司) (000581.SZ) reported a net profit of 425.4 million yuan in the first quarter of 2023, down 43.2% year-on-year.

Meanwhile, the company posted 3.1 billion yuan in revenue, down 27.2% year-on-year.

At the end of the reporting period, it had 28.9 billion yuan in total assets and 10.1 billion yuan in total liabilities, with a liability-to-asset ratio of 35%.