Shanghai Haixin Group Co.,Ltd.’s Net Profit Dropped 27.6% in First Three Quarters of 2023

Shanghai Haixin Group Co.,Ltd. (上海海欣集团股份有限公司) (600851.SH) reported a net profit of 131.6 million yuan in the first three quarters of 2023, down 27.6% year-on-year.

Meanwhile, the company posted 946.7 million yuan in revenue, down 9.7% year-on-year.

At the end of the reporting period, it had 5.1 billion yuan in total assets and 911.1 million yuan in total liabilities, with a liability-to-asset ratio of 18%.