Fengxing Co.,Ltd.’s Net Profit Dropped 25% in First Half of 2023

Fengxing Co.,Ltd. (凤形股份有限公司) (002760.SZ) reported a net profit of 21.1 million yuan in the first half of 2023, down 25% year-on-year.

Meanwhile, the company posted 370.7 million yuan in revenue, down 4.9% year-on-year.

At the end of the reporting period, it had 1.7 billion yuan in total assets and 703.7 million yuan in total liabilities, with a liability-to-asset ratio of 41.6%.