Shanghai Friendess Electronic Technology Corporation Limited’s Net Profit Dropped 14.7% in First Three Quarters of 2022

Shanghai Friendess Electronic Technology Corporation Limited (上海柏楚电子科技股份有限公司) (688188.SH) reported a net profit of 397.6 million yuan in the first three quarters of 2022, down 14.7% year-on-year.

Meanwhile, the company posted 652.7 million yuan in revenue, down 7.6% year-on-year.

At the end of the reporting period, it had 4.3 billion yuan in total assets and 110.8 million yuan in total liabilities, with a liability-to-asset ratio of 2.6%.