Baiyang Investment Group,Inc.’s Net Profit Dropped 81.1% in First Three Quarters of 2023

Baiyang Investment Group,Inc. (百洋产业投资集团股份有限公司) (002696.SZ) reported a net profit of 12.6 million yuan in the first three quarters of 2023, down 81.1% year-on-year.

Meanwhile, the company posted 2 billion yuan in revenue, down 16.9% year-on-year.

At the end of the reporting period, it had 3 billion yuan in total assets and 1.4 billion yuan in total liabilities, with a liability-to-asset ratio of 48.6%.