Shanghai Phoenix Enterprise(Group) Co.,Ltd. Posted 314.7 Million Yuan Net Loss in 2022

Shanghai Phoenix Enterprise(Group) Co.,Ltd. (上海凤凰企业(集团)股份有限公司) (600679.SH) reported a net loss of 314.7 million yuan in 2022, reversing a net profit of 100.5 million yuan for the previous year.

Meanwhile, the company posted 1.6 billion yuan in revenue, down 21.8% year-on-year.

At the end of the reporting period, it had 3 billion yuan in total assets and 891 million yuan in total liabilities, with a liability-to-asset ratio of 29.5%.