Ningbo Fuda Company Limited’s Net Profit Dropped 18.3% in First Half of 2023

Ningbo Fuda Company Limited (宁波富达股份有限公司) (600724.SH) reported a net profit of 123.7 million yuan in the first half of 2023, down 18.3% year-on-year.

Meanwhile, the company posted 1.7 billion yuan in revenue, up 14.1% year-on-year.

At the end of the reporting period, it had 4.4 billion yuan in total assets and 1.1 billion yuan in total liabilities, with a liability-to-asset ratio of 24.3%.