Fujian Funeng Co.,Ltd.’s Net Profit Rose 16.8% in First Quarter of 2022

Fujian Funeng Co.,Ltd. (福建福能股份有限公司) (600483.SH) reported a net profit of 760.6 million yuan in the first quarter of 2022, up 16.8% year-on-year.

Meanwhile, the company posted 2.5 billion yuan in revenue, down 10.7% year-on-year.

At the end of the reporting period, it had 44.7 billion yuan in total assets and 22.3 billion yuan in total liabilities, with a liability-to-asset ratio of 49.8%.