Zhejiang Wanma Co.,Ltd. Posted 40.4 Million Yuan Net Profit in First Quarter of 2022

Zhejiang Wanma Co.,Ltd. (浙江万马股份有限公司) (002276.SZ) reported a net profit of 40.4 million yuan in the first quarter of 2022, reversing a net loss of 40.6 million yuan for the same period in the previous year.

Meanwhile, the company posted 3.1 billion yuan in revenue, up 36.1% year-on-year.

At the end of the reporting period, it had 11 billion yuan in total assets and 6.4 billion yuan in total liabilities, with a liability-to-asset ratio of 58%.