Lao Feng Xiang Co.,Ltd.’s Net Profit Dropped 10.3% in First Half of 2022

Lao Feng Xiang Co.,Ltd. (老凤祥股份有限公司) (600612.SH) reported a net profit of 1.2 billion yuan in the first half of 2022, down 10.3% year-on-year.

Meanwhile, the company posted 33.7 billion yuan in revenue, up 6.8% year-on-year.

At the end of the reporting period, it had 23.7 billion yuan in total assets and 12.7 billion yuan in total liabilities, with a liability-to-asset ratio of 53.7%.