Shanghai Friendess Electronic Technology Corporation Limited’s Net Profit Dropped 14.9% in First Half of 2022

Shanghai Friendess Electronic Technology Corporation Limited (上海柏楚电子科技股份有限公司) (688188.SH) reported a net profit of 254.2 million yuan in the first half of 2022, down 14.9% year-on-year.

Meanwhile, the company posted 408.9 million yuan in revenue, down 12.4% year-on-year.

At the end of the reporting period, it had 4.2 billion yuan in total assets and 122.3 million yuan in total liabilities, with a liability-to-asset ratio of 2.9%.