Ningbo United Group Co.,Ltd.’s Net Profit Dropped 63.6% in 2022

Ningbo United Group Co.,Ltd. (宁波联合集团股份有限公司) (600051.SH) reported a net profit of 154.3 million yuan in 2022, down 63.6% year-on-year.

Meanwhile, the company posted 2.7 billion yuan in revenue, down 28.7% year-on-year.

At the end of the reporting period, it had 6.4 billion yuan in total assets and 2.8 billion yuan in total liabilities, with a liability-to-asset ratio of 43.3%.