Zhejiang Shibao Company Limited’s Net Profit Dropped 96.2% in First Half of 2022

Zhejiang Shibao Company Limited (浙江世宝股份有限公司) (002703.SZ) reported a net profit of 1.2 million yuan in the first half of 2022, down 96.2% year-on-year.

Meanwhile, the company posted 554.1 million yuan in revenue, down 3.3% year-on-year.

At the end of the reporting period, it had 2.1 billion yuan in total assets and 718.1 million yuan in total liabilities, with a liability-to-asset ratio of 34.6%.