Apr 29, 2023 08:00 AM

Zhejiang Wanma Co.,Ltd.’s Net Profit Rose 129.5% in First Quarter of 2023

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Zhejiang Wanma Co.,Ltd. (浙江万马股份有限公司) (002276.SZ) reported a net profit of 92.8 million yuan in the first quarter of 2023, up 129.5% year-on-year.

Meanwhile, the company posted 3.1 billion yuan in revenue, down 1.7% year-on-year.

At the end of the reporting period, it had 11.4 billion yuan in total assets and 6.4 billion yuan in total liabilities, with a liability-to-asset ratio of 56%.

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