Fuyao Glass Industry Group Co.,Ltd.’s Net Profit Rose 1.9% in First Quarter of 2022

Fuyao Glass Industry Group Co.,Ltd. (福耀玻璃工业集团股份有限公司) (600660.SH) reported a net profit of 870.4 million yuan in the first quarter of 2022, up 1.9% year-on-year.

Meanwhile, the company posted 6.5 billion yuan in revenue, up 14.8% year-on-year.

At the end of the reporting period, it had 46.9 billion yuan in total assets and 19.8 billion yuan in total liabilities, with a liability-to-asset ratio of 42.1%.