Shanghai Feilo Acoustics Co.,Ltd.’s Net Profit Dropped 98.3% in First Half of 2023

Shanghai Feilo Acoustics Co.,Ltd. (上海飞乐音响股份有限公司) (600651.SH) reported a net profit of 5 million yuan in the first half of 2023, down 98.3% year-on-year.

Meanwhile, the company posted 895.9 million yuan in revenue, down 58.2% year-on-year.

At the end of the reporting period, it had 4.4 billion yuan in total assets and 1.9 billion yuan in total liabilities, with a liability-to-asset ratio of 43.8%.