Fujian Start Group Co.,Ltd. Posted 10.3 Million Yuan Net Profit in First Quarter of 2023

Fujian Start Group Co.,Ltd. (福建实达集团股份有限公司) (600734.SH) reported a net profit of 10.3 million yuan in the first quarter of 2023, reversing a net loss of 14.7 million yuan for the same period in the previous year.

Meanwhile, the company posted 35.8 million yuan in revenue, up 912.5% year-on-year.

At the end of the reporting period, it had 850.4 million yuan in total assets and 485 million yuan in total liabilities, with a liability-to-asset ratio of 57%.