Shenzhen Sed Industry Co.,Ltd.’s Net Profit Dropped 9.7% in First Three Quarters of 2023

Shenzhen Sed Industry Co.,Ltd. (深圳市桑达实业股份有限公司) (000032.SZ) reported a net profit of 42.4 million yuan in the first three quarters of 2023, down 9.7% year-on-year.

Meanwhile, the company posted 38.7 billion yuan in revenue, up 11.4% year-on-year.

At the end of the reporting period, it had 59.2 billion yuan in total assets and 48 billion yuan in total liabilities, with a liability-to-asset ratio of 81.2%.