Hubei Fuxing Science And Technology Co.,Ltd.’s Net Profit Dropped 24.2% in First Quarter of 2022

Hubei Fuxing Science And Technology Co.,Ltd. (湖北福星科技股份有限公司) (000926.SZ) reported a net profit of 54.5 million yuan in the first quarter of 2022, down 24.2% year-on-year.

Meanwhile, the company posted 1.7 billion yuan in revenue, down 11.5% year-on-year.

At the end of the reporting period, it had 48.3 billion yuan in total assets and 35.9 billion yuan in total liabilities, with a liability-to-asset ratio of 74.2%.