Guangzhou Pearl River Piano Group Co.,Ltd.’s Net Profit Dropped 37.2% in First Three Quarters of 2022

Guangzhou Pearl River Piano Group Co.,Ltd. (广州珠江钢琴集团股份有限公司) (002678.SZ) reported a net profit of 102.7 million yuan in the first three quarters of 2022, down 37.2% year-on-year.

Meanwhile, the company posted 1.3 billion yuan in revenue, down 16.5% year-on-year.

At the end of the reporting period, it had 5.2 billion yuan in total assets and 1.5 billion yuan in total liabilities, with a liability-to-asset ratio of 28.1%.