Zhongnongfa Seed Industry Group Co.,Ltd. Posted 118.7 Million Yuan Net Profit in First Three Quarters of 2022

Zhongnongfa Seed Industry Group Co.,Ltd. (中农发种业集团股份有限公司) (600313.SH) reported a net profit of 118.7 million yuan in the first three quarters of 2022, reversing a net loss of 13.1 million yuan for the same period in the previous year.

Meanwhile, the company posted 3.8 billion yuan in revenue, up 35.6% year-on-year.

At the end of the reporting period, it had 4.2 billion yuan in total assets and 1.8 billion yuan in total liabilities, with a liability-to-asset ratio of 43.4%.