Wushang Group Co.,Ltd.’s Net Profit Dropped 39.5% in First Three Quarters of 2022

Wushang Group Co.,Ltd. (武商集团股份有限公司) (000501.SZ) reported a net profit of 331.8 million yuan in the first three quarters of 2022, down 39.5% year-on-year.

Meanwhile, the company posted 4.9 billion yuan in revenue, down 8% year-on-year.

At the end of the reporting period, it had 30.6 billion yuan in total assets and 19.7 billion yuan in total liabilities, with a liability-to-asset ratio of 64.3%.