First Tractor Company Limited’s Net Profit Rose 48.1% in 2022

First Tractor Company Limited (第一拖拉机股份有限公司) (601038.SH) reported a net profit of 642 million yuan in 2022, up 48.1% year-on-year.

Meanwhile, the company posted 12.5 billion yuan in revenue, up 34.6% year-on-year.

At the end of the reporting period, it had 13 billion yuan in total assets and 6.5 billion yuan in total liabilities, with a liability-to-asset ratio of 50%.

This article was automatically produced by Caixin Automation on April 27, 2023.

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