Angel Yeast Co.,Ltd.’s Net Profit Dropped 19% in First Half of 2022

Angel Yeast Co.,Ltd. (安琪酵母股份有限公司) (600298.SH) reported a net profit of 680.9 million yuan in the first half of 2022, down 19% year-on-year.

Meanwhile, the company posted 6.1 billion yuan in revenue, up 16.4% year-on-year.

At the end of the reporting period, it had 16.1 billion yuan in total assets and 7.2 billion yuan in total liabilities, with a liability-to-asset ratio of 44.9%.