Xin Feng Ming Group Co.,Ltd.’s Net Profit Dropped 85.3% in First Three Quarters 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 284 million yuan in the first three quarters of 2022, down 85.3% year-on-year.

Meanwhile, the company posted 37.9 billion yuan in revenue, up 3.8% year-on-year.

At the end of the reporting period, it had 47.6 billion yuan in total assets and 31.4 billion yuan in total liabilities, with a liability-to-asset ratio of 65.9%.