Nanning Baling Technology Co.,Ltd.’s Net Profit Dropped 93.3% in First Three Quarters 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 14.1 million yuan in the first three quarters of 2022, down 93.3% year-on-year.

Meanwhile, the company posted 407.3 million yuan in revenue, down 5% year-on-year.

At the end of the reporting period, it had 1.2 billion yuan in total assets and 508 million yuan in total liabilities, with a liability-to-asset ratio of 41.6%.