Lao Feng Xiang Co.,Ltd.’s Net Profit Dropped 30.1% in First Quarter of 2022

Lao Feng Xiang Co.,Ltd. (老凤祥股份有限公司) (600612.SH) reported a net profit of 557.6 million yuan in the first quarter of 2022, down 30.1% year-on-year.

Meanwhile, the company posted 18.4 billion yuan in revenue, up 7.2% year-on-year.

At the end of the reporting period, it had 24.4 billion yuan in total assets and 13 billion yuan in total liabilities, with a liability-to-asset ratio of 53.2%.