Guangdong Xinbao Electrical Appliances Holdings Co.,Ltd.’s Net Profit Dropped 12.4% in First Three Quarters of 2023

Guangdong Xinbao Electrical Appliances Holdings Co.,Ltd. (广东新宝电器股份有限公司) (002705.SZ) reported a net profit of 774.8 million yuan in the first three quarters of 2023, down 12.4% year-on-year.

Meanwhile, the company posted 10.8 billion yuan in revenue, up 0.3% year-on-year.

At the end of the reporting period, it had 14.1 billion yuan in total assets and 6.5 billion yuan in total liabilities, with a liability-to-asset ratio of 46.4%.