Ningbo Fuda Company Limited’s Net Profit Dropped 6.9% in First Quarter of 2022

Ningbo Fuda Company Limited (宁波富达股份有限公司) (600724.SH) reported a net profit of 80.9 million yuan in the first quarter of 2022, down 6.9% year-on-year.

Meanwhile, the company posted 736.1 million yuan in revenue, up 75% year-on-year.

At the end of the reporting period, it had 4.4 billion yuan in total assets and 703.8 million yuan in total liabilities, with a liability-to-asset ratio of 16.1%.