Shanghai Feilo Acoustics Co.,Ltd.’s Net Profit Dropped 96% in First Three Quarters 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 12.3 million yuan in the first three quarters of 2023, down 96% year-on-year.

Meanwhile, the company posted 1.4 billion yuan in revenue, down 49.3% year-on-year.

At the end of the reporting period, it had 4.3 billion yuan in total assets and 1.8 billion yuan in total liabilities, with a liability-to-asset ratio of 41.7%.