Nanning Baling Technology Co.,Ltd.’s Net Profit Rose 118.1% in First Quarter of 2023

Nanning Baling Technology Co.,Ltd. (南宁八菱科技股份有限公司) (002592.SZ) reported a net profit of 9.4 million yuan in the first quarter of 2023, up 118.1% year-on-year.

Meanwhile, the company posted 95.6 million yuan in revenue, down 38.2% year-on-year.

At the end of the reporting period, it had 1.2 billion yuan in total assets and 436.2 million yuan in total liabilities, with a liability-to-asset ratio of 37.6%.