Fuda Alloy Materials Co.,Ltd.’s Net Profit Rose 86.2% in First Quarter of 2023

Fuda Alloy Materials Co.,Ltd. (福达合金材料股份有限公司) (603045.SH) reported a net profit of 7.2 million yuan in the first quarter of 2023, up 86.2% year-on-year.

Meanwhile, the company posted 521 million yuan in revenue, down 15.5% year-on-year.

At the end of the reporting period, it had 2 billion yuan in total assets and 1.1 billion yuan in total liabilities, with a liability-to-asset ratio of 54.2%.