Shanghai Phoenix Enterprise(Group) Co.,Ltd.’s Net Profit Dropped 37.2% in First Quarter of 2023

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 profit of 14.7 million yuan in the first quarter of 2023, down 37.2% year-on-year.

Meanwhile, the company posted 351.6 million yuan in revenue, down 15.1% year-on-year.

At the end of the reporting period, it had 3 billion yuan in total assets and 826.9 million yuan in total liabilities, with a liability-to-asset ratio of 27.8%.