Jiuzhitang Co.,Ltd.’s Net Profit Dropped 26% in First Three Quarters of 2023

Jiuzhitang Co.,Ltd. (九芝堂股份有限公司) (000989.SZ) reported a net profit of 287.5 million yuan in the first three quarters of 2023, down 26% year-on-year.

Meanwhile, the company posted 2.4 billion yuan in revenue, down 3.8% year-on-year.

At the end of the reporting period, it had 5.4 billion yuan in total assets and 1.5 billion yuan in total liabilities, with a liability-to-asset ratio of 27%.