Wenzhou Hongfeng Electrical Alloy Co.,Ltd.’s Net Profit Dropped 57.4% in First Half of 2022

Wenzhou Hongfeng Electrical Alloy Co.,Ltd. (温州宏丰电工合金股份有限公司) (300283.SZ) reported a net profit of 14.1 million yuan in the first half of 2022, down 57.4% year-on-year.

Meanwhile, the company posted 1 billion yuan in revenue, down 12.7% year-on-year.

At the end of the reporting period, it had 2.2 billion yuan in total assets and 1.2 billion yuan in total liabilities, with a liability-to-asset ratio of 57%.