Mar 31, 2023 08:00 AM

Xin Feng Ming Group Co.,Ltd. Posted 205.1 Million Yuan Net Loss in 2022

By Caixin Automation

Xin Feng Ming Group Co.,Ltd. (新凤鸣集团股份有限公司) (603225.SH) reported a net loss of 205.1 million yuan in 2022, reversing a net profit of 2.3 billion yuan for the previous year.

Meanwhile, the company posted 50.8 billion yuan in revenue, up 13.4% year-on-year.

At the end of the reporting period, it had 41.3 billion yuan in total assets and 25.6 billion yuan in total liabilities, with a liability-to-asset ratio of 62%.

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