Zhejiang Shibao Company Limited’s Net Profit Dropped 79.6% in First Three Quarters of 2022

Zhejiang Shibao Company Limited (浙江世宝股份有限公司) (002703.SZ) reported a net profit of 7.9 million yuan in the first three quarters of 2022, down 79.6% year-on-year.

Meanwhile, the company posted 926.7 million yuan in revenue, up 7% year-on-year.

At the end of the reporting period, it had 2.2 billion yuan in total assets and 812.1 million yuan in total liabilities, with a liability-to-asset ratio of 37.3%.