Shanghai Jinfeng Wine Company Limited Posted 116.5 Million Yuan Net Profit in First Three Quarters 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 116.5 million yuan in the first three quarters of 2023, reversing a net loss of 20 million yuan for the same period in the previous year.

Meanwhile, the company posted 360.4 million yuan in revenue, down 13.4% year-on-year.

At the end of the reporting period, it had 2.3 billion yuan in total assets and 290.9 million yuan in total liabilities, with a liability-to-asset ratio of 12.8%.