Sanfeng Intelligent Equipment Group Co.,Ltd.’s Net Profit Dropped 38.6% in First Quarter of 2022

Sanfeng Intelligent Equipment Group Co.,Ltd. (三丰智能装备集团股份有限公司) (300276.SZ) reported a net profit of 9.7 million yuan in the first quarter of 2022, down 38.6% year-on-year.

Meanwhile, the company posted 310.3 million yuan in revenue, up 80.5% year-on-year.

At the end of the reporting period, it had 4 billion yuan in total assets and 1.6 billion yuan in total liabilities, with a liability-to-asset ratio of 39.5%.