Fangda Special Steel Technology Co.,Ltd.’s Net Profit Dropped 38.6% in First Half of 2022

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 918.7 million yuan in the first half of 2022, down 38.6% year-on-year.

Meanwhile, the company posted 13.3 billion yuan in revenue, up 34.9% year-on-year.

At the end of the reporting period, it had 22.7 billion yuan in total assets and 14.5 billion yuan in total liabilities, with a liability-to-asset ratio of 64.2%.