Ningbo Fuda Company Limited’s Net Profit Dropped 16.5% in First Quarter of 2023

Ningbo Fuda Company Limited (宁波富达股份有限公司) (600724.SH) reported a net profit of 67.6 million yuan in the first quarter of 2023, down 16.5% year-on-year.

Meanwhile, the company posted 822.6 million yuan in revenue, up 11.7% year-on-year.

At the end of the reporting period, it had 4.5 billion yuan in total assets and 1 billion yuan in total liabilities, with a liability-to-asset ratio of 22.7%.