Zhongnongfa Seed Industry Group Co.,Ltd.’s Net Profit Rose 308.7% in 2022

Zhongnongfa Seed Industry Group Co.,Ltd. (中农发种业集团股份有限公司) (600313.SH) reported a net profit of 306.9 million yuan in 2022, up 308.7% year-on-year.

Meanwhile, the company posted 5.2 billion yuan in revenue, up 39.4% year-on-year.

At the end of the reporting period, it had 4 billion yuan in total assets and 1.4 billion yuan in total liabilities, with a liability-to-asset ratio of 35.5%.