Zhejiang Feida Environmental Science&Technology Co.,Ltd.’s Net Profit Dropped 18.1% in First Quarter of 2022

Zhejiang Feida Environmental Science&Technology Co.,Ltd. (浙江菲达环保科技股份有限公司) (600526.SH) reported a net profit of 3.7 million yuan in the first quarter of 2022, down 18.1% year-on-year.

Meanwhile, the company posted 512.6 million yuan in revenue, down 1.8% year-on-year.

At the end of the reporting period, it had 6.8 billion yuan in total assets and 4.6 billion yuan in total liabilities, with a liability-to-asset ratio of 67.9%.