Shanghai Phoenix Enterprise(Group) Co.,Ltd.’s Net Profit Rose 18.5% in First Quarter of 2022

Shanghai Phoenix Enterprise(Group) Co.,Ltd. (上海凤凰企业(集团)股份有限公司) (600679.SH) reported a net profit of 23.3 million yuan in the first quarter of 2022, up 18.5% year-on-year.

Meanwhile, the company posted 413.9 million yuan in revenue, down 23.4% year-on-year.

At the end of the reporting period, it had 3.4 billion yuan in total assets and 878.4 million yuan in total liabilities, with a liability-to-asset ratio of 26%.