First Tractor Company Limited’s Net Profit Rose 40.3% in First Three Quarters of 2023

First Tractor Company Limited (第一拖拉机股份有限公司) (601038.SH) reported a net profit of 1.1 billion yuan in the first three quarters of 2023, up 40.3% year-on-year.

Meanwhile, the company posted 10.2 billion yuan in revenue, down 0.7% year-on-year.

At the end of the reporting period, it had 14.7 billion yuan in total assets and 7.4 billion yuan in total liabilities, with a liability-to-asset ratio of 50.3%.