Baida Group Co.,Ltd.’s Net Profit Dropped 83.7% in First Three Quarters of 2023

Baida Group Co.,Ltd. (百大集团股份有限公司) (600865.SH) reported a net profit of 20.7 million yuan in the first three quarters of 2023, down 83.7% year-on-year.

Meanwhile, the company posted 152 million yuan in revenue, down 7.9% year-on-year.

At the end of the reporting period, it had 2.5 billion yuan in total assets and 217.2 million yuan in total liabilities, with a liability-to-asset ratio of 8.6%.