Sinocare Inc.’s Net Profit Dropped 38.6% in First Three Quarters of 2023

Sinocare Inc. (三诺生物传感股份有限公司) (300298.SZ) reported a net profit of 277.7 million yuan in the first three quarters of 2023, down 38.6% year-on-year.

Meanwhile, the company posted 3 billion yuan in revenue, up 6.5% year-on-year.

At the end of the reporting period, it had 6 billion yuan in total assets and 2.4 billion yuan in total liabilities, with a liability-to-asset ratio of 40%.