Nanning Baling Technology Co.,Ltd.’s Net Profit Dropped 97.4% in First Quarter of 2022

Nanning Baling Technology Co.,Ltd. (南宁八菱科技股份有限公司) (002592.SZ) reported a net profit of 4.3 million yuan in the first quarter of 2022, down 97.4% year-on-year.

Meanwhile, the company posted 154.8 million yuan in revenue, down 1.4% year-on-year.

At the end of the reporting period, it had 1.2 billion yuan in total assets and 506.4 million yuan in total liabilities, with a liability-to-asset ratio of 43%.