Ningbo Marine Company Limited’s Net Profit Dropped 36% in First Three Quarters of 2022

Ningbo Marine Company Limited (宁波海运股份有限公司) (600798.SH) reported a net profit of 168.9 million yuan in the first three quarters of 2022, down 36% year-on-year.

Meanwhile, the company posted 1.6 billion yuan in revenue, down 6.2% year-on-year.

At the end of the reporting period, it had 7 billion yuan in total assets and 1.9 billion yuan in total liabilities, with a liability-to-asset ratio of 27.1%.