Fujian Torch Electron Technology Co.,Ltd.’s Net Profit Dropped 8.3% in First Three Quarters of 2022

Fujian Torch Electron Technology Co.,Ltd. (福建火炬电子科技股份有限公司) (603678.SH) reported a net profit of 737.1 million yuan in the first three quarters of 2022, down 8.3% year-on-year.

Meanwhile, the company posted 2.8 billion yuan in revenue, down 21.1% year-on-year.

At the end of the reporting period, it had 7.5 billion yuan in total assets and 2.2 billion yuan in total liabilities, with a liability-to-asset ratio of 28.6%.