Fujian Minfa Aluminum Inc.’s Net Profit Rose 54.7% in First Quarter of 2022

Fujian Minfa Aluminum Inc. (福建省闽发铝业股份有限公司) (002578.SZ) reported a net profit of 16 million yuan in the first quarter of 2022, up 54.7% year-on-year.

Meanwhile, the company posted 412.7 million yuan in revenue, up 49.5% year-on-year.

At the end of the reporting period, it had 2 billion yuan in total assets and 484.4 million yuan in total liabilities, with a liability-to-asset ratio of 24.6%.