Shanghai Phoenix Enterprise(Group) Co.,Ltd.’s Net Profit Dropped 53.5% in First Half 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 24.5 million yuan in the first half of 2023, down 53.5% year-on-year.

Meanwhile, the company posted 861.9 million yuan in revenue, up 12.4% year-on-year.

At the end of the reporting period, it had 3.2 billion yuan in total assets and 1 billion yuan in total liabilities, with a liability-to-asset ratio of 32.1%.