Gem Co.,Ltd.’s Net Profit Dropped 28.8% in First Three Quarters of 2023

Gem Co.,Ltd. (格林美股份有限公司) (002340.SZ) reported a net profit of 749.1 million yuan in the first three quarters of 2023, down 28.8% year-on-year.

Meanwhile, the company posted 20.2 billion yuan in revenue, down 5.4% year-on-year.

At the end of the reporting period, it had 47.5 billion yuan in total assets and 25.9 billion yuan in total liabilities, with a liability-to-asset ratio of 54.5%.