Guangxi Nanning Water Co.,Ltd.’s Net Profit Dropped 44.7% in 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 163.8 million yuan in 2022, down 44.7% year-on-year.

Meanwhile, the company posted 2.3 billion yuan in revenue, up 8.1% year-on-year.

At the end of the reporting period, it had 19.3 billion yuan in total assets and 14.7 billion yuan in total liabilities, with a liability-to-asset ratio of 75.9%.