Fangda Special Steel Technology Co.,Ltd.’s Net Profit Dropped 50.7% in First Three Quarters of 2022

Fangda Special Steel Technology Co.,Ltd. (方大特钢科技股份有限公司) (600507.SH) reported a net profit of 1.1 billion yuan in the first three quarters of 2022, down 50.7% year-on-year.

Meanwhile, the company posted 18.2 billion yuan in revenue, up 13.6% year-on-year.

At the end of the reporting period, it had 23.3 billion yuan in total assets and 15 billion yuan in total liabilities, with a liability-to-asset ratio of 64.4%.