Guangdong Mingzhu Group Co.,Ltd.’s Net Profit Dropped 33% in First Three Quarters of 2023

Guangdong Mingzhu Group Co.,Ltd. (广东明珠集团股份有限公司) (600382.SH) reported a net profit of 208 million yuan in the first three quarters of 2023, down 33% year-on-year.

Meanwhile, the company posted 491.9 million yuan in revenue, down 29% year-on-year.

At the end of the reporting period, it had 4.1 billion yuan in total assets and 541.6 million yuan in total liabilities, with a liability-to-asset ratio of 13.1%.