Fengxing Co.,Ltd.’s Net Profit Dropped 39% in First Three Quarters of 2022

Fengxing Co.,Ltd. (凤形股份有限公司) (002760.SZ) reported a net profit of 45.4 million yuan in the first three quarters of 2022, down 39% year-on-year.

Meanwhile, the company posted 569.9 million yuan in revenue, down 14.3% year-on-year.

At the end of the reporting period, it had 1.6 billion yuan in total assets and 678.5 million yuan in total liabilities, with a liability-to-asset ratio of 41.1%.