Fangda Special Steel Technology Co.,Ltd.’s Net Profit Dropped 67.5% in 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 896.4 million yuan in 2022, down 67.5% year-on-year.

Meanwhile, the company posted 23.2 billion yuan in revenue, up 7.2% year-on-year.

At the end of the reporting period, it had 17.4 billion yuan in total assets and 8.6 billion yuan in total liabilities, with a liability-to-asset ratio of 49.6%.