Xin Feng Ming Group Co.,Ltd.’s Net Profit Rose 212.2% in First Three Quarters of 2023

Xin Feng Ming Group Co.,Ltd. (新凤鸣集团股份有限公司) (603225.SH) reported a net profit of 886.7 million yuan in the first three quarters of 2023, up 212.2% year-on-year.

Meanwhile, the company posted 44.2 billion yuan in revenue, up 16.5% year-on-year.

At the end of the reporting period, it had 49.7 billion yuan in total assets and 33.1 billion yuan in total liabilities, with a liability-to-asset ratio of 66.6%.