Fuda Alloy Materials Co.,Ltd.’s Net Profit Dropped 75.8% in First Three Quarters of 2022

Fuda Alloy Materials Co.,Ltd. (福达合金材料股份有限公司) (603045.SH) reported a net profit of 10.2 million yuan in the first three quarters of 2022, down 75.8% year-on-year.

Meanwhile, the company posted 1.7 billion yuan in revenue, down 25% year-on-year.

At the end of the reporting period, it had 1.8 billion yuan in total assets and 937.7 million yuan in total liabilities, with a liability-to-asset ratio of 51.6%.