Ningbo Fuda Company Limited’s Net Profit Dropped 19.8% in First Three Quarters of 2022

Ningbo Fuda Company Limited (宁波富达股份有限公司) (600724.SH) reported a net profit of 209.3 million yuan in the first three quarters of 2022, down 19.8% year-on-year.

Meanwhile, the company posted 2.3 billion yuan in revenue, up 59.4% year-on-year.

At the end of the reporting period, it had 4.2 billion yuan in total assets and 816.1 million yuan in total liabilities, with a liability-to-asset ratio of 19.6%.