Fujian Sanmu Group Co.,Ltd. Posted 6.4 Million Yuan Net Profit in First Quarter of 2023

Fujian Sanmu Group Co.,Ltd. (福建三木集团股份有限公司) (000632.SZ) reported a net profit of 6.4 million yuan in the first quarter of 2023, reversing a net loss of 8.9 million yuan for the same period in the previous year.

Meanwhile, the company posted 3 billion yuan in revenue, up 93.7% year-on-year.

At the end of the reporting period, it had 10.2 billion yuan in total assets and 8.3 billion yuan in total liabilities, with a liability-to-asset ratio of 80.9%.