Weifu High-Technology Group Co.,Ltd.’s Net Profit Dropped 92.8% in 2022

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 190.9 million yuan in 2022, down 92.8% year-on-year.

Meanwhile, the company posted 12.7 billion yuan in revenue, down 7% year-on-year.

At the end of the reporting period, it had 28.5 billion yuan in total assets and 10.1 billion yuan in total liabilities, with a liability-to-asset ratio of 35.4%.