Nanjing Baose Co.,Ltd.’s Net Profit Rose 22.6% in First Quarter of 2023

Nanjing Baose Co.,Ltd. (南京宝色股份公司) (300402.SZ) reported a net profit of 17.4 million yuan in the first quarter of 2023, up 22.6% year-on-year.

Meanwhile, the company posted 461.8 million yuan in revenue, up 42.6% year-on-year.

At the end of the reporting period, it had 2.5 billion yuan in total assets and 1.8 billion yuan in total liabilities, with a liability-to-asset ratio of 72.3%.