Fangda Special Steel Technology Co.,Ltd.’s Net Profit Dropped 71.2% in First Half of 2023

Fangda Special Steel Technology Co.,Ltd. (方大特钢科技股份有限公司) (600507.SH) reported a net profit of 280.7 million yuan in the first half of 2023, down 71.2% year-on-year.

Meanwhile, the company posted 13.4 billion yuan in revenue, down 23.1% year-on-year.

At the end of the reporting period, it had 21.9 billion yuan in total assets and 12.9 billion yuan in total liabilities, with a liability-to-asset ratio of 59%.