Suning Universal Co.,Ltd.’s Net Profit Dropped 21.9% in First Three Quarters of 2023

Suning Universal Co.,Ltd. (苏宁环球股份有限公司) (000718.SZ) reported a net profit of 381 million yuan in the first three quarters of 2023, down 21.9% year-on-year.

Meanwhile, the company posted 1.5 billion yuan in revenue, down 19.1% year-on-year.

At the end of the reporting period, it had 15.2 billion yuan in total assets and 5.4 billion yuan in total liabilities, with a liability-to-asset ratio of 35.6%.