Shandong Weida Machinery Co.,Ltd.’s Net Profit Dropped 59.2% in First Half of 2023

Shandong Weida Machinery Co.,Ltd. (山东威达机械股份有限公司) (002026.SZ) reported a net profit of 72.3 million yuan in the first half of 2023, down 59.2% year-on-year.

Meanwhile, the company posted 1.2 billion yuan in revenue, down 13.6% year-on-year.

At the end of the reporting period, it had 5.1 billion yuan in total assets and 1.7 billion yuan in total liabilities, with a liability-to-asset ratio of 33.6%.