Zhejiang Meida Industrial Co.,Ltd.’s Net Profit Dropped 17.3% in First Three Quarters of 2022

Zhejiang Meida Industrial Co.,Ltd. (浙江美大实业股份有限公司) (002677.SZ) reported a net profit of 372.7 million yuan in the first three quarters of 2022, down 17.3% year-on-year.

Meanwhile, the company posted 1.4 billion yuan in revenue, down 8.9% year-on-year.

At the end of the reporting period, it had 2.2 billion yuan in total assets and 354.3 million yuan in total liabilities, with a liability-to-asset ratio of 15.8%.