Lb Group Co.,Ltd.’s Net Profit Dropped 32.7% in First Three Quarters of 2023

Lb Group Co.,Ltd. (龙佰集团股份有限公司) (002601.SZ) reported a net profit of 2.2 billion yuan in the first three quarters of 2023, down 32.7% year-on-year.

Meanwhile, the company posted 20.3 billion yuan in revenue, up 12.3% year-on-year.

At the end of the reporting period, it had 64.1 billion yuan in total assets and 36.9 billion yuan in total liabilities, with a liability-to-asset ratio of 57.7%.