Ningbo Shanshan Co.,Ltd.’s Net Profit Dropped 38% in First Half of 2023

Ningbo Shanshan Co.,Ltd. (宁波杉杉股份有限公司) (600884.SH) reported a net profit of 1.1 billion yuan in the first half of 2023, down 38% year-on-year.

Meanwhile, the company posted 9.5 billion yuan in revenue, down 12.1% year-on-year.

At the end of the reporting period, it had 47.2 billion yuan in total assets and 23 billion yuan in total liabilities, with a liability-to-asset ratio of 48.7%.