Ningbo United Group Co.,Ltd.’s Net Profit Dropped 91.7% in First Three Quarters of 2023

Ningbo United Group Co.,Ltd. (宁波联合集团股份有限公司) (600051.SH) reported a net profit of 14.7 million yuan in the first three quarters of 2023, down 91.7% year-on-year.

Meanwhile, the company posted 1.3 billion yuan in revenue, down 33.1% year-on-year.

At the end of the reporting period, it had 6 billion yuan in total assets and 2.4 billion yuan in total liabilities, with a liability-to-asset ratio of 39.5%.