Shenzhen Fenda Technology Co.,Ltd.’s Net Profit Dropped 39.3% in First Quarter of 2023

Shenzhen Fenda Technology Co.,Ltd. (深圳市奋达科技股份有限公司) (002681.SZ) reported a net profit of 11.1 million yuan in the first quarter of 2023, down 39.3% year-on-year.

Meanwhile, the company posted 514.2 million yuan in revenue, down 25.3% year-on-year.

At the end of the reporting period, it had 4.1 billion yuan in total assets and 1.9 billion yuan in total liabilities, with a liability-to-asset ratio of 45.8%.