Qingdao Weflo Valve Co.,Ltd.’s Net Profit Dropped 14.1% in First Three Quarters of 2023

Qingdao Weflo Valve Co.,Ltd. (青岛伟隆阀门股份有限公司) (002871.SZ) reported a net profit of 100.6 million yuan in the first three quarters of 2023, down 14.1% year-on-year.

Meanwhile, the company posted 399.1 million yuan in revenue, down 1.3% year-on-year.

At the end of the reporting period, it had 1 billion yuan in total assets and 181.1 million yuan in total liabilities, with a liability-to-asset ratio of 18%.