Ningbo Fuda Company Limited’s Net Profit Dropped 39.2% in 2022

Ningbo Fuda Company Limited (宁波富达股份有限公司) (600724.SH) reported a net profit of 288.6 million yuan in 2022, down 39.2% year-on-year.

Meanwhile, the company posted 3.3 billion yuan in revenue, up 39.1% year-on-year.

At the end of the reporting period, it had 4.3 billion yuan in total assets and 897.6 million yuan in total liabilities, with a liability-to-asset ratio of 20.7%.