Nanji E-Commerce Co.,Ltd.’s Net Profit Dropped 74.7% in First Quarter of 2023

Nanji E-Commerce Co.,Ltd. (南极电商股份有限公司) (002127.SZ) reported a net profit of 35.1 million yuan in the first quarter of 2023, down 74.7% year-on-year.

Meanwhile, the company posted 610.8 million yuan in revenue, down 35.4% year-on-year.

At the end of the reporting period, it had 5.1 billion yuan in total assets and 630.2 million yuan in total liabilities, with a liability-to-asset ratio of 12.5%.