Wetown Electric Group Co.,Ltd.’s Net Profit Rose 25.4% in First Half of 2023

Wetown Electric Group Co.,Ltd. (威腾电气集团股份有限公司) (688226.SH) reported a net profit of 43.3 million yuan in the first half of 2023, up 25.4% year-on-year.

Meanwhile, the company posted 1 billion yuan in revenue, up 40.5% year-on-year.

At the end of the reporting period, it had 2.4 billion yuan in total assets and 1.4 billion yuan in total liabilities, with a liability-to-asset ratio of 59.7%.