Ningbo Shanshan Co.,Ltd.’s Net Profit Dropped 29% in First Quarter of 2023

Ningbo Shanshan Co.,Ltd. (宁波杉杉股份有限公司) (600884.SH) reported a net profit of 593.6 million yuan in the first quarter of 2023, down 29% year-on-year.

Meanwhile, the company posted 4.4 billion yuan in revenue, down 11.5% year-on-year.

At the end of the reporting period, it had 46.9 billion yuan in total assets and 22.3 billion yuan in total liabilities, with a liability-to-asset ratio of 47.7%.