Shanghai Fudan Forward S&T Co.,Ltd.’s Net Profit Dropped 83.7% in First Quarter of 2023

Shanghai Fudan Forward S&T Co.,Ltd. (上海复旦复华科技股份有限公司) (600624.SH) reported a net profit of 995,894 yuan in the first quarter of 2023, down 83.7% year-on-year.

Meanwhile, the company posted 170 million yuan in revenue, down 22.2% year-on-year.

At the end of the reporting period, it had 1.8 billion yuan in total assets and 865.3 million yuan in total liabilities, with a liability-to-asset ratio of 47.8%.