First Tractor Company Limited’s Net Profit Rose 25.1% in First Quarter of 2022

First Tractor Company Limited (第一拖拉机股份有限公司) (601038.SH) reported a net profit of 487.7 million yuan in the first quarter of 2022, up 25.1% year-on-year.

Meanwhile, the company posted 4.2 billion yuan in revenue, up 30.8% year-on-year.

At the end of the reporting period, it had 14.4 billion yuan in total assets and 8 billion yuan in total liabilities, with a liability-to-asset ratio of 55.2%.