Wanma Technology Co.,Ltd. Posted 2 Million Yuan Net Profit in First Quarter of 2023

Wanma Technology Co.,Ltd. (万马科技股份有限公司) (300698.SZ) reported a net profit of 2 million yuan in the first quarter of 2023, reversing a net loss of 11.7 million yuan for the same period in the previous year.

Meanwhile, the company posted 88.7 million yuan in revenue, up 50.2% year-on-year.

At the end of the reporting period, it had 795.4 million yuan in total assets and 383.9 million yuan in total liabilities, with a liability-to-asset ratio of 48.3%.