Shenzhen Transsion Holdings Co.,Ltd.’s Net Profit Dropped 21.5% in First Three Quarters of 2022

Shenzhen Transsion Holdings Co.,Ltd. (深圳传音控股股份有限公司) (688036.SH) reported a net profit of 2.3 billion yuan in the first three quarters of 2022, down 21.5% year-on-year.

Meanwhile, the company posted 36 billion yuan in revenue, up 0.7% year-on-year.

At the end of the reporting period, it had 32.5 billion yuan in total assets and 16.9 billion yuan in total liabilities, with a liability-to-asset ratio of 52%.