Fengxing Co.,Ltd.’s Net Profit Dropped 16.9% in First Quarter of 2022

Fengxing Co.,Ltd. (凤形股份有限公司) (002760.SZ) reported a net profit of 18.7 million yuan in the first quarter of 2022, down 16.9% year-on-year.

Meanwhile, the company posted 194.5 million yuan in revenue, down 10.2% year-on-year.

At the end of the reporting period, it had 1.6 billion yuan in total assets and 674.6 million yuan in total liabilities, with a liability-to-asset ratio of 41.7%.