Shandong New Beiyang Information Technology Co.,Ltd.’s Net Profit Dropped 68.7% in First Three Quarters of 2022

Shandong New Beiyang Information Technology Co.,Ltd. (山东新北洋信息技术股份有限公司) (002376.SZ) reported a net profit of 39.6 million yuan in the first three quarters of 2022, down 68.7% year-on-year.

Meanwhile, the company posted 1.6 billion yuan in revenue, down 10.1% year-on-year.

At the end of the reporting period, it had 6.1 billion yuan in total assets and 2.5 billion yuan in total liabilities, with a liability-to-asset ratio of 40.8%.