Rongfeng Holding Group Co.,Ltd. Posted 989,594 Yuan Net Profit in First Quarter of 2022

Rongfeng Holding Group Co.,Ltd. (荣丰控股集团股份有限公司) (000668.SZ) reported a net profit of 989,594 yuan in the first quarter of 2022, reversing a net loss of 9.2 million yuan for the same period in the previous year.

Meanwhile, the company posted 142.2 million yuan in revenue, up 545.2% year-on-year.

At the end of the reporting period, it had 3.6 billion yuan in total assets and 1.8 billion yuan in total liabilities, with a liability-to-asset ratio of 48.8%.