Shenzhen Frd Science&Technology Co.,Ltd. Posted 24.9 Million Yuan Net Loss in First Quarter of 2022

Shenzhen Frd Science&Technology Co.,Ltd. (深圳市飞荣达科技股份有限公司) (300602.SZ) reported a net loss of 24.9 million yuan in the first quarter of 2022, reversing a net profit of 25.9 million yuan for the same period in the previous year.

Meanwhile, the company posted 753.5 million yuan in revenue, up 20.3% year-on-year.

At the end of the reporting period, it had 5.6 billion yuan in total assets and 3 billion yuan in total liabilities, with a liability-to-asset ratio of 53.5%.