Suning Universal Co.,Ltd.’s Net Profit Dropped 3.5% in First Quarter of 2023

Suning Universal Co.,Ltd. (苏宁环球股份有限公司) (000718.SZ) reported a net profit of 126.3 million yuan in the first quarter of 2023, down 3.5% year-on-year.

Meanwhile, the company posted 433.6 million yuan in revenue, down 9% year-on-year.

At the end of the reporting period, it had 15.1 billion yuan in total assets and 5.2 billion yuan in total liabilities, with a liability-to-asset ratio of 34.5%.