Fujian Torch Electron Technology Co.,Ltd.’s Net Profit Dropped 15.5% in 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 825.7 million yuan in 2022, down 15.5% year-on-year.

Meanwhile, the company posted 3.6 billion yuan in revenue, down 24.8% year-on-year.

At the end of the reporting period, it had 7.5 billion yuan in total assets and 2.1 billion yuan in total liabilities, with a liability-to-asset ratio of 27.5%.