Guangdong Xinbao Electrical Appliances Holdings Co.,Ltd.’s Net Profit Dropped 34.3% in First Three Quarters of 2021

Guangdong Xinbao Electrical Appliances Holdings Co.,Ltd. (广东新宝电器股份有限公司) (002705.SZ) reported a net profit of 615.8 million yuan in the first three quarters of 2021, down 34.3% year-on-year.

Meanwhile, the company posted 10.7 billion yuan in revenue, up 17.4% year-on-year.

At the end of the reporting period, it had 12 billion yuan in total assets and 5.9 billion yuan in total liabilities, with a liability-to-asset ratio of 49.4%.

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

Download our app to receive breaking news alerts and read the news on the go.

Follow the Chinese markets in real time with Caixin Global’s new stock database.