Shanghai Jinfeng Wine Company Limited Posted 115.8 Million Yuan Net Profit in First Half 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 115.8 million yuan in the first half of 2023, reversing a net loss of 21.9 million yuan for the same period in the previous year.

Meanwhile, the company posted 201.1 million yuan in revenue, down 13.2% year-on-year.

At the end of the reporting period, it had 2.3 billion yuan in total assets and 292 million yuan in total liabilities, with a liability-to-asset ratio of 12.8%.