Suning Universal Co.,Ltd.’s Net Profit Dropped 33.5% in First Three Quarters of 2022

Suning Universal Co.,Ltd. (苏宁环球股份有限公司) (000718.SZ) reported a net profit of 488.1 million yuan in the first three quarters of 2022, down 33.5% year-on-year.

Meanwhile, the company posted 1.8 billion yuan in revenue, down 25.7% year-on-year.

At the end of the reporting period, it had 15.7 billion yuan in total assets and 6.1 billion yuan in total liabilities, with a liability-to-asset ratio of 38.7%.