Shanghai Kindly Enterprise Development Group Co.,Ltd.’s Net Profit Dropped 30.1% in First Three Quarters of 2023

Shanghai Kindly Enterprise Development Group Co.,Ltd. (上海康德莱企业发展集团股份有限公司) (603987.SH) reported a net profit of 223.1 million yuan in the first three quarters of 2023, down 30.1% year-on-year.

Meanwhile, the company posted 1.9 billion yuan in revenue, down 21.8% year-on-year.

At the end of the reporting period, it had 4.1 billion yuan in total assets and 1.4 billion yuan in total liabilities, with a liability-to-asset ratio of 34.8%.