Shanghai Jinfeng Wine Company Limited’s Net Profit Rose 4401.3% in First Quarter of 2023

Shanghai Jinfeng Wine Company Limited (上海金枫酒业股份有限公司) (600616.SH) reported a net profit of 131.9 million yuan in the first quarter of 2023, up 4401.3% year-on-year.

Meanwhile, the company posted 109.7 million yuan in revenue, down 32.9% year-on-year.

At the end of the reporting period, it had 2.3 billion yuan in total assets and 308.2 million yuan in total liabilities, with a liability-to-asset ratio of 13.2%.