Weifu High-Technology Group Co.,Ltd.’s Net Profit Dropped 13% in First Half of 2023

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 1 billion yuan in the first half of 2023, down 13% year-on-year.

Meanwhile, the company posted 6.1 billion yuan in revenue, down 14.1% year-on-year.

At the end of the reporting period, it had 28.4 billion yuan in total assets and 9 billion yuan in total liabilities, with a liability-to-asset ratio of 31.9%.