Suning Universal Co.,Ltd.’s Net Profit Dropped 39.8% in 2022

Suning Universal Co.,Ltd. (苏宁环球股份有限公司) (000718.SZ) reported a net profit of 362.2 million yuan in 2022, down 39.8% year-on-year.

Meanwhile, the company posted 2.2 billion yuan in revenue, down 25.1% year-on-year.

At the end of the reporting period, it had 15.4 billion yuan in total assets and 5.6 billion yuan in total liabilities, with a liability-to-asset ratio of 36.5%.