Fujian Fynex Textile Science&Technology Co.,Ltd.’s Net Profit Dropped 70.6% in First Half of 2023

Fujian Fynex Textile Science&Technology Co.,Ltd. (福建凤竹纺织科技股份有限公司) (600493.SH) reported a net profit of 4.3 million yuan in the first half of 2023, down 70.6% year-on-year.

Meanwhile, the company posted 441.1 million yuan in revenue, down 27.7% year-on-year.

At the end of the reporting period, it had 1.9 billion yuan in total assets and 1 billion yuan in total liabilities, with a liability-to-asset ratio of 55.3%.