Ningbo Xusheng Group Co.,Ltd.’s Net Profit Rose 60.8% in First Quarter of 2023

Ningbo Xusheng Group Co.,Ltd. (宁波旭升集团股份有限公司) (603305.SH) reported a net profit of 192.6 million yuan in the first quarter of 2023, up 60.8% year-on-year.

Meanwhile, the company posted 1.2 billion yuan in revenue, up 18.3% year-on-year.

At the end of the reporting period, it had 9.7 billion yuan in total assets and 3.8 billion yuan in total liabilities, with a liability-to-asset ratio of 39.7%.