Ningbo Zhongbai Co.,Ltd.’s Net Profit Rose 1063.1% in First Three Quarters of 2022

Ningbo Zhongbai Co.,Ltd. (宁波中百股份有限公司) (600857.SH) reported a net profit of 359.2 million yuan in the first three quarters of 2022, up 1063.1% year-on-year.

Meanwhile, the company posted 638.4 million yuan in revenue, down 1.1% year-on-year.

At the end of the reporting period, it had 1 billion yuan in total assets and 187.7 million yuan in total liabilities, with a liability-to-asset ratio of 19.7%.