Zhongnongfa Seed Industry Group Co.,Ltd. Posted 75.4 Million Yuan Net Profit in First Half of 2022

Zhongnongfa Seed Industry Group Co.,Ltd. (中农发种业集团股份有限公司) (600313.SH) reported a net profit of 75.4 million yuan in the first half of 2022, reversing a net loss of 12.3 million yuan for the same period in the previous year.

Meanwhile, the company posted 2.4 billion yuan in revenue, up 18.6% year-on-year.

At the end of the reporting period, it had 3.7 billion yuan in total assets and 1.4 billion yuan in total liabilities, with a liability-to-asset ratio of 36.9%.