Xinhu Zhongbao Co.,Ltd.’s Net Profit Rose 22.9% in First Three Quarters of 2023

Xinhu Zhongbao Co.,Ltd. (新湖中宝股份有限公司) (600208.SH) reported a net profit of 1.9 billion yuan in the first three quarters of 2023, up 22.9% year-on-year.

Meanwhile, the company posted 3.7 billion yuan in revenue, down 44.3% year-on-year.

At the end of the reporting period, it had 125.2 billion yuan in total assets and 80.3 billion yuan in total liabilities, with a liability-to-asset ratio of 64.2%.