Weichai Heavy Machinery Co.,Ltd.’s Net Profit Rose 10.5% in First Quarter of 2023

Weichai Heavy Machinery Co.,Ltd. (潍柴重机股份有限公司) (000880.SZ) reported a net profit of 21.3 million yuan in the first quarter of 2023, up 10.5% year-on-year.

Meanwhile, the company posted 874.7 million yuan in revenue, up 8.2% year-on-year.

At the end of the reporting period, it had 5 billion yuan in total assets and 3.2 billion yuan in total liabilities, with a liability-to-asset ratio of 63.2%.