Ningbo Fuda Company Limited’s Net Profit Dropped 15.1% in First Half of 2022

Ningbo Fuda Company Limited (宁波富达股份有限公司) (600724.SH) reported a net profit of 151.3 million yuan in the first half of 2022, down 15.1% year-on-year.

Meanwhile, the company posted 1.5 billion yuan in revenue, up 66% year-on-year.

At the end of the reporting period, it had 4 billion yuan in total assets and 682.4 million yuan in total liabilities, with a liability-to-asset ratio of 17.1%.