Ningbo United Group Co.,Ltd.’s Net Profit Dropped 77.8% in First Three Quarters of 2021

Ningbo United Group Co.,Ltd. (宁波联合集团股份有限公司) (600051.SH) reported a net profit of 94.4 million yuan in the first three quarters of 2021, down 77.8% year-on-year.

Meanwhile, the company posted 1.7 billion yuan in revenue, down 50.7% year-on-year.

At the end of the reporting period, it had 7 billion yuan in total assets and 3.8 billion yuan in total liabilities, with a liability-to-asset ratio of 54.4%.

This article was automatically produced by Caixin Automation on Nov. 3, 2021.

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