Nanning Sugar Industry Co.,Ltd. Posted 6.8 Million Yuan Net Profit in First Quarter of 2023

Nanning Sugar Industry Co.,Ltd. (南宁糖业股份有限公司) (000911.SZ) reported a net profit of 6.8 million yuan in the first quarter of 2023, reversing a net loss of 39.4 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.2 billion yuan in revenue, up 45% year-on-year.

At the end of the reporting period, it had 5 billion yuan in total assets and 4.8 billion yuan in total liabilities, with a liability-to-asset ratio of 96.1%.