Shanghai Phoenix Enterprise(Group) Co.,Ltd.’s Net Profit Dropped 25.8% in First Three Quarters of 2022

Shanghai Phoenix Enterprise(Group) Co.,Ltd. (上海凤凰企业(集团)股份有限公司) (600679.SH) reported a net profit of 66 million yuan in the first three quarters of 2022, down 25.8% year-on-year.

Meanwhile, the company posted 1.1 billion yuan in revenue, down 31.8% year-on-year.

At the end of the reporting period, it had 3.4 billion yuan in total assets and 862.3 million yuan in total liabilities, with a liability-to-asset ratio of 25.6%.