Ferrotec(An Hui) Technology Development Co.,Ltd.’s Net Profit Dropped 11.7% in First Quarter of 2023

Ferrotec(An Hui) Technology Development Co.,Ltd. (安徽富乐德科技发展股份有限公司) (301297.SZ) reported a net profit of 17.6 million yuan in the first quarter of 2023, down 11.7% year-on-year.

Meanwhile, the company posted 136.1 million yuan in revenue, down 9.2% year-on-year.

At the end of the reporting period, it had 1.7 billion yuan in total assets and 307.8 million yuan in total liabilities, with a liability-to-asset ratio of 18.2%.