Ningbo Cixing Co.,Ltd.’s Net Profit Rose 29.9% in First Quarter of 2023

Ningbo Cixing Co.,Ltd. (宁波慈星股份有限公司) (300307.SZ) reported a net profit of 35.7 million yuan in the first quarter of 2023, up 29.9% year-on-year.

Meanwhile, the company posted 530 million yuan in revenue, up 12% year-on-year.

At the end of the reporting period, it had 4.7 billion yuan in total assets and 1.9 billion yuan in total liabilities, with a liability-to-asset ratio of 41%.