Wenzhou Hongfeng Electrical Alloy Co.,Ltd.’s Net Profit Dropped 64.7% in First Three Quarters of 2022

Wenzhou Hongfeng Electrical Alloy Co.,Ltd. (温州宏丰电工合金股份有限公司) (300283.SZ) reported a net profit of 17.3 million yuan in the first three quarters of 2022, down 64.7% year-on-year.

Meanwhile, the company posted 1.6 billion yuan in revenue, down 13.3% year-on-year.

At the end of the reporting period, it had 2.3 billion yuan in total assets and 1.3 billion yuan in total liabilities, with a liability-to-asset ratio of 58.4%.