Chaozhou Three-Circle(Group) Co.,Ltd.’s Net Profit Dropped 25.2% in 2022

Chaozhou Three-Circle(Group) Co.,Ltd. (潮州三环(集团)股份有限公司) (300408.SZ) reported a net profit of 1.5 billion yuan in 2022, down 25.2% year-on-year.

Meanwhile, the company posted 5.1 billion yuan in revenue, down 17.2% year-on-year.

At the end of the reporting period, it had 19.6 billion yuan in total assets and 2.5 billion yuan in total liabilities, with a liability-to-asset ratio of 12.7%.