Weihai Huadong Automation Co.,Ltd.’s Net Profit Rose 16.5% in First Quarter of 2023

Weihai Huadong Automation Co.,Ltd. (威海华东数控股份有限公司) (002248.SZ) reported a net profit of 4.7 million yuan in the first quarter of 2023, up 16.5% year-on-year.

Meanwhile, the company posted 70.1 million yuan in revenue, up 16.2% year-on-year.

At the end of the reporting period, it had 558.1 million yuan in total assets and 476.7 million yuan in total liabilities, with a liability-to-asset ratio of 85.4%.