Shanghai Phoenix Enterprise(Group) Co.,Ltd.’s Net Profit Dropped 15.2% in First Half 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 52.8 million yuan in the first half of 2022, down 15.2% year-on-year.

Meanwhile, the company posted 766.7 million yuan in revenue, down 34.9% year-on-year.

At the end of the reporting period, it had 3.4 billion yuan in total assets and 850.4 million yuan in total liabilities, with a liability-to-asset ratio of 25.1%.