Suning Universal Co.,Ltd.’s Net Profit Dropped 7.7% in First Half of 2023

Suning Universal Co.,Ltd. (苏宁环球股份有限公司) (000718.SZ) reported a net profit of 300.9 million yuan in the first half of 2023, down 7.7% year-on-year.

Meanwhile, the company posted 1 billion yuan in revenue, down 8.8% year-on-year.

At the end of the reporting period, it had 15.5 billion yuan in total assets and 5.8 billion yuan in total liabilities, with a liability-to-asset ratio of 37.5%.