Ningbo Fuda Company Limited’s Net Profit Dropped 27.6% in First Three Quarters of 2023

Ningbo Fuda Company Limited (宁波富达股份有限公司) (600724.SH) reported a net profit of 151.6 million yuan in the first three quarters of 2023, down 27.6% year-on-year.

Meanwhile, the company posted 2.5 billion yuan in revenue, up 11.2% year-on-year.

At the end of the reporting period, it had 4.5 billion yuan in total assets and 1.1 billion yuan in total liabilities, with a liability-to-asset ratio of 25.2%.