Lao Feng Xiang Co.,Ltd.’s Net Profit Dropped 6.6% in First Three Quarters of 2022

Lao Feng Xiang Co.,Ltd. (老凤祥股份有限公司) (600612.SH) reported a net profit of 1.8 billion yuan in the first three quarters of 2022, down 6.6% year-on-year.

Meanwhile, the company posted 53.5 billion yuan in revenue, up 7.5% year-on-year.

At the end of the reporting period, it had 24.1 billion yuan in total assets and 12.5 billion yuan in total liabilities, with a liability-to-asset ratio of 51.9%.