Fangda Special Steel Technology Co.,Ltd.’s Net Profit Dropped 49.9% in First Three Quarters 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 580.5 million yuan in the first three quarters of 2023, down 49.9% year-on-year.

Meanwhile, the company posted 19.7 billion yuan in revenue, down 19% year-on-year.

At the end of the reporting period, it had 22.4 billion yuan in total assets and 13.1 billion yuan in total liabilities, with a liability-to-asset ratio of 58.6%.