Ningbo Shanshan Co.,Ltd.’s Net Profit Dropped 21.8% in First Three Quarters of 2022

Ningbo Shanshan Co.,Ltd. (宁波杉杉股份有限公司) (600884.SH) reported a net profit of 2.3 billion yuan in the first three quarters of 2022, down 21.8% year-on-year.

Meanwhile, the company posted 15.8 billion yuan in revenue, up 0.8% year-on-year.

At the end of the reporting period, it had 46.9 billion yuan in total assets and 22.9 billion yuan in total liabilities, with a liability-to-asset ratio of 48.9%.