Shanghai Jinfeng Wine Company Limited Posted 20 Million Yuan Net Loss in First Three Quarters of 2022

Shanghai Jinfeng Wine Company Limited (上海金枫酒业股份有限公司) (600616.SH) reported a net loss of 20 million yuan in the first three quarters of 2022, narrowing 23.4% year-on-year.

Meanwhile, the company posted 416.4 million yuan in revenue, up 0.6% year-on-year.

At the end of the reporting period, it had 2.2 billion yuan in total assets and 345.8 million yuan in total liabilities, with a liability-to-asset ratio of 15.6%.