Xinyangfeng Agricultural Technology Co.,Ltd.’s Net Profit Dropped 1% in First Quarter of 2023

Xinyangfeng Agricultural Technology Co.,Ltd. (新洋丰农业科技股份有限公司) (000902.SZ) reported a net profit of 412.6 million yuan in the first quarter of 2023, down 1% year-on-year.

Meanwhile, the company posted 4.4 billion yuan in revenue, down 2.8% year-on-year.

At the end of the reporting period, it had 16 billion yuan in total assets and 6.6 billion yuan in total liabilities, with a liability-to-asset ratio of 41.2%.