Fujian Tianma Science And Technology Group Co.,Ltd.’s Net Profit Dropped 66.1% in First Quarter of 2023

Fujian Tianma Science And Technology Group Co.,Ltd. (福建天马科技集团股份有限公司) (603668.SH) reported a net profit of 16.5 million yuan in the first quarter of 2023, down 66.1% year-on-year.

Meanwhile, the company posted 1.5 billion yuan in revenue, up 4.2% year-on-year.

At the end of the reporting period, it had 7.8 billion yuan in total assets and 5.3 billion yuan in total liabilities, with a liability-to-asset ratio of 68.6%.