Nanning Baling Technology Co.,Ltd.’s Net Profit Dropped 94.2% in First Half 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 10.5 million yuan in the first half of 2022, down 94.2% year-on-year.

Meanwhile, the company posted 263.4 million yuan in revenue, down 13.2% year-on-year.

At the end of the reporting period, it had 1.2 billion yuan in total assets and 458.3 million yuan in total liabilities, with a liability-to-asset ratio of 39.7%.