Fuyao Glass Industry Group Co.,Ltd.’s Net Profit Rose 5.1% in First Quarter of 2023

Fuyao Glass Industry Group Co.,Ltd. (福耀玻璃工业集团股份有限公司) (600660.SH) reported a net profit of 914.4 million yuan in the first quarter of 2023, up 5.1% year-on-year.

Meanwhile, the company posted 7.1 billion yuan in revenue, up 7.7% year-on-year.

At the end of the reporting period, it had 53.7 billion yuan in total assets and 23.9 billion yuan in total liabilities, with a liability-to-asset ratio of 44.5%.