Fujian Sanmu Group Co.,Ltd. Posted 21.1 Million Yuan Net Profit in First Half 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 21.1 million yuan in the first half of 2023, reversing a net loss of 12.9 million yuan for the same period in the previous year.

Meanwhile, the company posted 7.7 billion yuan in revenue, up 73.1% year-on-year.

At the end of the reporting period, it had 10 billion yuan in total assets and 8 billion yuan in total liabilities, with a liability-to-asset ratio of 80.4%.