First Tractor Company Limited’s Net Profit Rose 13.1% in First Half of 2022

First Tractor Company Limited (第一拖拉机股份有限公司) (601038.SH) reported a net profit of 581.4 million yuan in the first half of 2022, up 13.1% year-on-year.

Meanwhile, the company posted 6.6 billion yuan in revenue, up 17.7% year-on-year.

At the end of the reporting period, it had 13.9 billion yuan in total assets and 7.5 billion yuan in total liabilities, with a liability-to-asset ratio of 53.9%.