Zhejiang Longsheng Group Co.,Ltd.’s Net Profit Dropped 49.2% in First Three Quarters of 2023

Zhejiang Longsheng Group Co.,Ltd. (浙江龙盛集团股份有限公司) (600352.SH) reported a net profit of 1 billion yuan in the first three quarters of 2023, down 49.2% year-on-year.

Meanwhile, the company posted 10.8 billion yuan in revenue, down 19.3% year-on-year.

At the end of the reporting period, it had 69.8 billion yuan in total assets and 34.8 billion yuan in total liabilities, with a liability-to-asset ratio of 49.9%.