Jihua Group Corporation Limited’s Net Profit Dropped 37% in First Three Quarters of 2023

Jihua Group Corporation Limited (际华集团股份有限公司) (601718.SH) reported a net profit of 114 million yuan in the first three quarters of 2023, down 37% year-on-year.

Meanwhile, the company posted 8 billion yuan in revenue, down 35.4% year-on-year.

At the end of the reporting period, it had 26.9 billion yuan in total assets and 9.9 billion yuan in total liabilities, with a liability-to-asset ratio of 36.9%.