Fujian Torch Electron Technology Co.,Ltd.’s Net Profit Dropped 48.7% in First Half of 2023

Fujian Torch Electron Technology Co.,Ltd. (福建火炬电子科技股份有限公司) (603678.SH) reported a net profit of 260.8 million yuan in the first half of 2023, down 48.7% year-on-year.

Meanwhile, the company posted 1.6 billion yuan in revenue, down 19.5% year-on-year.

At the end of the reporting period, it had 7.8 billion yuan in total assets and 2.1 billion yuan in total liabilities, with a liability-to-asset ratio of 27.4%.