Shenzhen Fenda Technology Co.,Ltd.’s Net Profit Dropped 49.2% in First Quarter of 2022

Shenzhen Fenda Technology Co.,Ltd. (深圳市奋达科技股份有限公司) (002681.SZ) reported a net profit of 18.2 million yuan in the first quarter of 2022, down 49.2% year-on-year.

Meanwhile, the company posted 687.9 million yuan in revenue, down 17.1% year-on-year.

At the end of the reporting period, it had 4.4 billion yuan in total assets and 2.1 billion yuan in total liabilities, with a liability-to-asset ratio of 48.9%.