Zhuzhou Kibing Group Co.,Ltd.’s Net Profit Dropped 65.8% in First Three Quarters of 2022

Zhuzhou Kibing Group Co.,Ltd. (株洲旗滨集团股份有限公司) (601636.SH) reported a net profit of 1.3 billion yuan in the first three quarters of 2022, down 65.8% year-on-year.

Meanwhile, the company posted 9.8 billion yuan in revenue, down 9.1% year-on-year.

At the end of the reporting period, it had 22.7 billion yuan in total assets and 10.1 billion yuan in total liabilities, with a liability-to-asset ratio of 44.3%.