Guangxi Nanning Water Co.,Ltd.’s Net Profit Rose 63.8% in First Quarter of 2022

Guangxi Nanning Water Co.,Ltd. (广西绿城水务股份有限公司) (601368.SH) reported a net profit of 78.7 million yuan in the first quarter of 2022, up 63.8% year-on-year.

Meanwhile, the company posted 508.6 million yuan in revenue, up 37.3% year-on-year.

At the end of the reporting period, it had 17.2 billion yuan in total assets and 12.6 billion yuan in total liabilities, with a liability-to-asset ratio of 72.9%.