Xin Feng Ming Group Co.,Ltd.’s Net Profit Dropped 42.7% in First Quarter of 2022

Xin Feng Ming Group Co.,Ltd. (新凤鸣集团股份有限公司) (603225.SH) reported a net profit of 284.8 million yuan in the first quarter of 2022, down 42.7% year-on-year.

Meanwhile, the company posted 10.6 billion yuan in revenue, down 2% year-on-year.

At the end of the reporting period, it had 43.4 billion yuan in total assets and 26.8 billion yuan in total liabilities, with a liability-to-asset ratio of 61.8%.