Shanghai Kaikai Industry Co.,Ltd.’s Net Profit Dropped 47% in First Three Quarters of 2023

Shanghai Kaikai Industry Co.,Ltd. (上海开开实业股份有限公司) (600272.SH) reported a net profit of 18.5 million yuan in the first three quarters of 2023, down 47% year-on-year.

Meanwhile, the company posted 615.1 million yuan in revenue, down 11.7% year-on-year.

At the end of the reporting period, it had 1.2 billion yuan in total assets and 598.7 million yuan in total liabilities, with a liability-to-asset ratio of 50.6%.