Xinyangfeng Agricultural Technology Co.,Ltd.’s Net Profit Rose 24.2% in First Quarter of 2022

Xinyangfeng Agricultural Technology Co.,Ltd. (新洋丰农业科技股份有限公司) (000902.SZ) reported a net profit of 417.2 million yuan in the first quarter of 2022, up 24.2% year-on-year.

Meanwhile, the company posted 4.5 billion yuan in revenue, up 37.3% year-on-year.

At the end of the reporting period, it had 14 billion yuan in total assets and 5.3 billion yuan in total liabilities, with a liability-to-asset ratio of 38.1%.