First Tractor Company Limited’s Net Profit Rose 1.8% in First Quarter of 2023

First Tractor Company Limited (第一拖拉机股份有限公司) (601038.SH) reported a net profit of 496.3 million yuan in the first quarter of 2023, up 1.8% year-on-year.

Meanwhile, the company posted 4.2 billion yuan in revenue, down 1.3% year-on-year.

At the end of the reporting period, it had 14.2 billion yuan in total assets and 7.2 billion yuan in total liabilities, with a liability-to-asset ratio of 50.6%.