Lao Feng Xiang Co.,Ltd.’s Net Profit Rose 42.2% in First Half of 2023

Lao Feng Xiang Co.,Ltd. (老凤祥股份有限公司) (600612.SH) reported a net profit of 1.7 billion yuan in the first half of 2023, up 42.2% year-on-year.

Meanwhile, the company posted 40.3 billion yuan in revenue, up 19.6% year-on-year.

At the end of the reporting period, it had 23.3 billion yuan in total assets and 10.8 billion yuan in total liabilities, with a liability-to-asset ratio of 46.3%.