Hailun Piano Co.,Ltd.’s Net Profit Dropped 25.3% in First Three Quarters of 2023

Hailun Piano Co.,Ltd. (海伦钢琴股份有限公司) (300329.SZ) reported a net profit of 6 million yuan in the first three quarters of 2023, down 25.3% year-on-year.

Meanwhile, the company posted 228.8 million yuan in revenue, down 22% year-on-year.

At the end of the reporting period, it had 1.4 billion yuan in total assets and 460.2 million yuan in total liabilities, with a liability-to-asset ratio of 33.2%.