Shanghai Jinfeng Wine Company Limited Posted 2.2 Million Yuan Net Profit in 2022

Shanghai Jinfeng Wine Company Limited (上海金枫酒业股份有限公司) (600616.SH) reported a net profit of 2.2 million yuan in 2022, reversing a net loss of 17.1 million yuan for the previous year.

Meanwhile, the company posted 661.6 million yuan in revenue, up 1.9% year-on-year.

At the end of the reporting period, it had 2.3 billion yuan in total assets and 365.9 million yuan in total liabilities, with a liability-to-asset ratio of 16.2%.