Suning Universal Co.,Ltd.’s Net Profit Dropped 47.7% in First Half of 2022

Suning Universal Co.,Ltd. (苏宁环球股份有限公司) (000718.SZ) reported a net profit of 326 million yuan in the first half of 2022, down 47.7% year-on-year.

Meanwhile, the company posted 1.1 billion yuan in revenue, down 35.7% year-on-year.

At the end of the reporting period, it had 16 billion yuan in total assets and 6.6 billion yuan in total liabilities, with a liability-to-asset ratio of 41.3%.