Hangzhou First Applied Material Co.,Ltd.’s Net Profit Dropped 28.1% in 2022

Hangzhou First Applied Material Co.,Ltd. (杭州福斯特应用材料股份有限公司) (603806.SH) reported a net profit of 1.6 billion yuan in 2022, down 28.1% year-on-year.

Meanwhile, the company posted 18.9 billion yuan in revenue, up 46.8% year-on-year.

At the end of the reporting period, it had 20.2 billion yuan in total assets and 6.2 billion yuan in total liabilities, with a liability-to-asset ratio of 30.6%.