Xin Feng Ming Group Co.,Ltd.’s Net Profit Dropped 70.3% in First Half of 2022

Xin Feng Ming Group Co.,Ltd. (新凤鸣集团股份有限公司) (603225.SH) reported a net profit of 393.6 million yuan in the first half of 2022, down 70.3% year-on-year.

Meanwhile, the company posted 23.7 billion yuan in revenue, up 0.1% year-on-year.

At the end of the reporting period, it had 47.3 billion yuan in total assets and 30.9 billion yuan in total liabilities, with a liability-to-asset ratio of 65.4%.