Zhejiang Meida Industrial Co.,Ltd.’s Net Profit Dropped 2.5% in First Three Quarters of 2023

Zhejiang Meida Industrial Co.,Ltd. (浙江美大实业股份有限公司) (002677.SZ) reported a net profit of 363.4 million yuan in the first three quarters of 2023, down 2.5% year-on-year.

Meanwhile, the company posted 1.3 billion yuan in revenue, down 9.8% year-on-year.

At the end of the reporting period, it had 2.2 billion yuan in total assets and 280.4 million yuan in total liabilities, with a liability-to-asset ratio of 12.7%.