Hefei Fengle Seed Co.,Ltd.’s Net Profit Dropped 29.1% in First Half of 2022

Hefei Fengle Seed Co.,Ltd. (合肥丰乐种业股份有限公司) (000713.SZ) reported a net profit of 16.2 million yuan in the first half of 2022, down 29.1% year-on-year.

Meanwhile, the company posted 1.3 billion yuan in revenue, down 5.4% year-on-year.

At the end of the reporting period, it had 3.1 billion yuan in total assets and 1.1 billion yuan in total liabilities, with a liability-to-asset ratio of 35.3%.