Fuda Alloy Materials Co.,Ltd.’s Net Profit Dropped 47.8% in First Quarter of 2022

Fuda Alloy Materials Co.,Ltd. (福达合金材料股份有限公司) (603045.SH) reported a net profit of 3.8 million yuan in the first quarter of 2022, down 47.8% year-on-year.

Meanwhile, the company posted 616.5 million yuan in revenue, up 1.3% year-on-year.

At the end of the reporting period, it had 2 billion yuan in total assets and 1.1 billion yuan in total liabilities, with a liability-to-asset ratio of 56.4%.