Fujian Tianma Science And Technology Group Co.,Ltd.’s Net Profit Rose 40.2% in First Quarter of 2022

Fujian Tianma Science And Technology Group Co.,Ltd. (福建天马科技集团股份有限公司) (603668.SH) reported a net profit of 48.8 million yuan in the first quarter of 2022, up 40.2% year-on-year.

Meanwhile, the company posted 1.5 billion yuan in revenue, up 54.8% year-on-year.

At the end of the reporting period, it had 5.6 billion yuan in total assets and 3.3 billion yuan in total liabilities, with a liability-to-asset ratio of 59.3%.