Nanning Sugar Industry Co.,Ltd.’s Net Profit Dropped 93.4% in First Half of 2021

Nanning Sugar Industry Co.,Ltd. (南宁糖业股份有限公司) (000911.SZ) reported a net profit of 4.2 million yuan in the first half of 2021, down 93.4% year-on-year.

Meanwhile, the company posted 2 billion yuan in revenue, down 14% year-on-year.

At the end of the reporting period, it had 5.5 billion yuan in total assets and 5.2 billion yuan in total liabilities, with a liability-to-asset ratio of 95.3%.

This article was automatically produced by Caixin Automation on Sept. 1, 2021.

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