Fujian Fynex Textile Science&Technology Co.,Ltd.’s Net Profit Dropped 3.7% in First Quarter of 2022

Fujian Fynex Textile Science&Technology Co.,Ltd. (福建凤竹纺织科技股份有限公司) (600493.SH) reported a net profit of 4.7 million yuan in the first quarter of 2022, down 3.7% year-on-year.

Meanwhile, the company posted 264.4 million yuan in revenue, up 15% year-on-year.

At the end of the reporting period, it had 2 billion yuan in total assets and 1.2 billion yuan in total liabilities, with a liability-to-asset ratio of 58.3%.