Shanghai Friendess Electronic Technology Corporation Limited’s Net Profit Dropped 10.4% in 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 492.1 million yuan in 2022, down 10.4% year-on-year.

Meanwhile, the company posted 898.5 million yuan in revenue, down 1.6% year-on-year.

At the end of the reporting period, it had 4.5 billion yuan in total assets and 200.1 million yuan in total liabilities, with a liability-to-asset ratio of 4.4%.