Guangzhou Pearl River Piano Group Co.,Ltd.’s Net Profit Dropped 95.4% in First Three Quarters of 2023

Guangzhou Pearl River Piano Group Co.,Ltd. (广州珠江钢琴集团股份有限公司) (002678.SZ) reported a net profit of 4.7 million yuan in the first three quarters of 2023, down 95.4% year-on-year.

Meanwhile, the company posted 902.3 million yuan in revenue, down 31.5% year-on-year.

At the end of the reporting period, it had 4.8 billion yuan in total assets and 1.1 billion yuan in total liabilities, with a liability-to-asset ratio of 22.2%.