Fiyta Precision Technology Co.,Ltd.’s Net Profit Dropped 27% in First Quarter of 2022

Fiyta Precision Technology Co.,Ltd. (飞亚达精密科技股份有限公司) (000026.SZ) reported a net profit of 86.4 million yuan in the first quarter of 2022, down 27% year-on-year.

Meanwhile, the company posted 1.2 billion yuan in revenue, down 14.8% year-on-year.

At the end of the reporting period, it had 4.1 billion yuan in total assets and 1 billion yuan in total liabilities, with a liability-to-asset ratio of 24.6%.