Shanghai Feilo Acoustics Co.,Ltd. Posted 297.9 Million Yuan Net Profit in First Half of 2022

Shanghai Feilo Acoustics Co.,Ltd. (上海飞乐音响股份有限公司) (600651.SH) reported a net profit of 297.9 million yuan in the first half of 2022, reversing a net loss of 79.6 million yuan for the same period in the previous year.

Meanwhile, the company posted 2.1 billion yuan in revenue, down 4.7% year-on-year.

At the end of the reporting period, it had 4.8 billion yuan in total assets and 2.3 billion yuan in total liabilities, with a liability-to-asset ratio of 48.3%.