Nanning Baling Technology Co.,Ltd. Posted 10.6 Million Yuan Net Profit in 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 10.6 million yuan in 2022, reversing a net loss of 102.6 million yuan for the previous year.

Meanwhile, the company posted 552.4 million yuan in revenue, down 8.9% year-on-year.

At the end of the reporting period, it had 1.2 billion yuan in total assets and 478.1 million yuan in total liabilities, with a liability-to-asset ratio of 40.3%.