Xin Feng Ming Group Co.,Ltd.’s Net Profit Rose 21.8% in First Half of 2023

Xin Feng Ming Group Co.,Ltd. (新凤鸣集团股份有限公司) (603225.SH) reported a net profit of 479.2 million yuan in the first half of 2023, up 21.8% year-on-year.

Meanwhile, the company posted 28.2 billion yuan in revenue, up 18.8% year-on-year.

At the end of the reporting period, it had 50.2 billion yuan in total assets and 34.1 billion yuan in total liabilities, with a liability-to-asset ratio of 67.8%.