Fujian Super Tech Advanced Material Co.,Ltd.’s Net Profit Dropped 43.9% in 2022

Fujian Super Tech Advanced Material Co.,Ltd. (福建赛特新材股份有限公司) (688398.SH) reported a net profit of 63.9 million yuan in 2022, down 43.9% year-on-year.

Meanwhile, the company posted 637.7 million yuan in revenue, down 10.3% year-on-year.

At the end of the reporting period, it had 1.2 billion yuan in total assets and 226.1 million yuan in total liabilities, with a liability-to-asset ratio of 19.4%.