Guangzhou Pearl River Piano Group Co.,Ltd.’s Net Profit Dropped 34.3% in 2022

Guangzhou Pearl River Piano Group Co.,Ltd. (广州珠江钢琴集团股份有限公司) (002678.SZ) reported a net profit of 125.2 million yuan in 2022, down 34.3% year-on-year.

Meanwhile, the company posted 1.7 billion yuan in revenue, down 17.8% year-on-year.

At the end of the reporting period, it had 5.1 billion yuan in total assets and 1.4 billion yuan in total liabilities, with a liability-to-asset ratio of 26.8%.