Zhejiang Shibao Company Limited’s Net Profit Rose 435.8% in First Three Quarters of 2023

Zhejiang Shibao Company Limited (浙江世宝股份有限公司) (002703.SZ) reported a net profit of 42.5 million yuan in the first three quarters of 2023, up 435.8% year-on-year.

Meanwhile, the company posted 1.2 billion yuan in revenue, up 27% year-on-year.

At the end of the reporting period, it had 2.5 billion yuan in total assets and 1.1 billion yuan in total liabilities, with a liability-to-asset ratio of 43.3%.