Shanghai Jinfeng Wine Company Limited Posted 21.9 Million Yuan Net Loss in First Half of 2022

Shanghai Jinfeng Wine Company Limited (上海金枫酒业股份有限公司) (600616.SH) reported a net loss of 21.9 million yuan in the first half of 2022, narrowing 13.6% year-on-year.

Meanwhile, the company posted 231.8 million yuan in revenue, down 8.1% year-on-year.

At the end of the reporting period, it had 2.2 billion yuan in total assets and 356.9 million yuan in total liabilities, with a liability-to-asset ratio of 16%.