Fujian Nanping Sun Cable Co.,Ltd.’s Net Profit Dropped 5.5% in First Quarter of 2023

Fujian Nanping Sun Cable Co.,Ltd. (福建南平太阳电缆股份有限公司) (002300.SZ) reported a net profit of 35.7 million yuan in the first quarter of 2023, down 5.5% year-on-year.

Meanwhile, the company posted 2.2 billion yuan in revenue, down 12.8% year-on-year.

At the end of the reporting period, it had 5.9 billion yuan in total assets and 3.7 billion yuan in total liabilities, with a liability-to-asset ratio of 62.8%.