Fangda Special Steel Technology Co.,Ltd.’s Net Profit Dropped 80.3% in First Quarter of 2023

Fangda Special Steel Technology Co.,Ltd. (方大特钢科技股份有限公司) (600507.SH) reported a net profit of 105.9 million yuan in the first quarter of 2023, down 80.3% year-on-year.

Meanwhile, the company posted 4.2 billion yuan in revenue, down 20.2% year-on-year.

At the end of the reporting period, it had 18.9 billion yuan in total assets and 10 billion yuan in total liabilities, with a liability-to-asset ratio of 53.1%.