Weichai Power Co.,Ltd.’s Net Profit Rose 56.9% in First Quarter of 2023

Weichai Power Co.,Ltd. (潍柴动力股份有限公司) (000338.SZ) reported a net profit of 2.2 billion yuan in the first quarter of 2023, up 56.9% year-on-year.

Meanwhile, the company posted 53.4 billion yuan in revenue, up 18.2% year-on-year.

At the end of the reporting period, it had 307.5 billion yuan in total assets and 200.5 billion yuan in total liabilities, with a liability-to-asset ratio of 65.2%.