Shenzhen Mingdiao Decoration Co.,Ltd.’s Net Profit Dropped 30.8% in 2022

Shenzhen Mingdiao Decoration Co.,Ltd. (深圳市名雕装饰股份有限公司) (002830.SZ) reported a net profit of 23.9 million yuan in 2022, down 30.8% year-on-year.

Meanwhile, the company posted 828.3 million yuan in revenue, down 6.4% year-on-year.

At the end of the reporting period, it had 1.4 billion yuan in total assets and 769.3 million yuan in total liabilities, with a liability-to-asset ratio of 53.1%.