Fengxing Co.,Ltd.’s Net Profit Dropped 27.5% in First Quarter of 2023

Fengxing Co.,Ltd. (凤形股份有限公司) (002760.SZ) reported a net profit of 13.5 million yuan in the first quarter of 2023, down 27.5% year-on-year.

Meanwhile, the company posted 165.4 million yuan in revenue, down 14.9% year-on-year.

At the end of the reporting period, it had 1.7 billion yuan in total assets and 684.8 million yuan in total liabilities, with a liability-to-asset ratio of 40.6%.