Guangxi Nanning Water Co.,Ltd.’s Net Profit Dropped 61.3% in First Quarter of 2023

Guangxi Nanning Water Co.,Ltd. (广西绿城水务股份有限公司) (601368.SH) reported a net profit of 30.6 million yuan in the first quarter of 2023, down 61.3% year-on-year.

Meanwhile, the company posted 504.6 million yuan in revenue, down 1% year-on-year.

At the end of the reporting period, it had 19.7 billion yuan in total assets and 15 billion yuan in total liabilities, with a liability-to-asset ratio of 76.2%.