Ferrotec(An Hui) Technology Development Co.,Ltd.’s Net Profit Dropped 2.7% in First Half of 2023

Ferrotec(An Hui) Technology Development Co.,Ltd. (安徽富乐德科技发展股份有限公司) (301297.SZ) reported a net profit of 39 million yuan in the first half of 2023, down 2.7% year-on-year.

Meanwhile, the company posted 279.7 million yuan in revenue, down 9% year-on-year.

At the end of the reporting period, it had 1.7 billion yuan in total assets and 323 million yuan in total liabilities, with a liability-to-asset ratio of 19%.