Xinhu Zhongbao Co.,Ltd.’s Net Profit Dropped 22.1% in First Three Quarters of 2022

Xinhu Zhongbao Co.,Ltd. (新湖中宝股份有限公司) (600208.SH) reported a net profit of 1.6 billion yuan in the first three quarters of 2022, down 22.1% year-on-year.

Meanwhile, the company posted 6.7 billion yuan in revenue, down 25.7% year-on-year.

At the end of the reporting period, it had 128.4 billion yuan in total assets and 86.4 billion yuan in total liabilities, with a liability-to-asset ratio of 67.3%.