Ningxia Western Venture Industrial Co.,Ltd.’s Net Profit Rose 11.8% in First Quarter of 2023

Ningxia Western Venture Industrial Co.,Ltd. (宁夏西部创业实业股份有限公司) (000557.SZ) reported a net profit of 79.3 million yuan in the first quarter of 2023, up 11.8% year-on-year.

Meanwhile, the company posted 377.7 million yuan in revenue, down 9.6% year-on-year.

At the end of the reporting period, it had 6.2 billion yuan in total assets and 511.4 million yuan in total liabilities, with a liability-to-asset ratio of 8.3%.