Ningbo Marine Company Limited’s Net Profit Dropped 76.6% in First Quarter of 2023

Ningbo Marine Company Limited (宁波海运股份有限公司) (600798.SH) reported a net profit of 11 million yuan in the first quarter of 2023, down 76.6% year-on-year.

Meanwhile, the company posted 445.1 million yuan in revenue, down 4.6% year-on-year.

At the end of the reporting period, it had 6.9 billion yuan in total assets and 1.8 billion yuan in total liabilities, with a liability-to-asset ratio of 25.8%.