Sanfeng Intelligent Equipment Group Co.,Ltd.’s Net Profit Dropped 50% in First Half of 2022

Sanfeng Intelligent Equipment Group Co.,Ltd. (三丰智能装备集团股份有限公司) (300276.SZ) reported a net profit of 28.5 million yuan in the first half of 2022, down 50% year-on-year.

Meanwhile, the company posted 681.1 million yuan in revenue, up 10% year-on-year.

At the end of the reporting period, it had 4.1 billion yuan in total assets and 1.6 billion yuan in total liabilities, with a liability-to-asset ratio of 39.6%.