Fujian Sanmu Group Co.,Ltd.’s Net Profit Dropped 77% in First Three Quarters of 2022

Fujian Sanmu Group Co.,Ltd. (福建三木集团股份有限公司) (000632.SZ) reported a net profit of 4.3 million yuan in the first three quarters of 2022, down 77% year-on-year.

Meanwhile, the company posted 9 billion yuan in revenue, up 46% year-on-year.

At the end of the reporting period, it had 11.3 billion yuan in total assets and 9.4 billion yuan in total liabilities, with a liability-to-asset ratio of 82.9%.