Apr 30, 2022 08:00 AM

Fangda Special Steel Technology Co.,Ltd.’s Net Profit Dropped 3.3% in First Quarter of 2022

By Caixin Automation

Fangda Special Steel Technology Co.,Ltd. (方大特钢科技股份有限公司) (600507.SH) reported a net profit of 536.2 million yuan in the first quarter of 2022, down 3.3% year-on-year.

Meanwhile, the company posted 5.2 billion yuan in revenue, up 29.5% year-on-year.

At the end of the reporting period, it had 25.1 billion yuan in total assets and 14.8 billion yuan in total liabilities, with a liability-to-asset ratio of 58.9%.

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