Shenzhen Sed Industry Co.,Ltd.’s Net Profit Dropped 37.7% in 2022

Shenzhen Sed Industry Co.,Ltd. (深圳市桑达实业股份有限公司) (000032.SZ) reported a net profit of 713.6 million yuan in 2022, down 37.7% year-on-year.

Meanwhile, the company posted 51.1 billion yuan in revenue, up 15.7% year-on-year.

At the end of the reporting period, it had 52.8 billion yuan in total assets and 42.7 billion yuan in total liabilities, with a liability-to-asset ratio of 80.8%.