Lao Feng Xiang Co.,Ltd.’s Net Profit Rose 44.3% in First Three Quarters of 2023

Lao Feng Xiang Co.,Ltd. (老凤祥股份有限公司) (600612.SH) reported a net profit of 2.6 billion yuan in the first three quarters of 2023, up 44.3% year-on-year.

Meanwhile, the company posted 62.1 billion yuan in revenue, up 15.9% year-on-year.

At the end of the reporting period, it had 26.3 billion yuan in total assets and 12.9 billion yuan in total liabilities, with a liability-to-asset ratio of 49%.