Nantong Guosheng Intelligence Technology Group Co.,Ltd.’s Net Profit Dropped 15.5% in First Quarter of 2023

Nantong Guosheng Intelligence Technology Group Co.,Ltd. (南通国盛智能科技集团股份有限公司) (688558.SH) reported a net profit of 36 million yuan in the first quarter of 2023, down 15.5% year-on-year.

Meanwhile, the company posted 263.3 million yuan in revenue, down 4.3% year-on-year.

At the end of the reporting period, it had 2 billion yuan in total assets and 431.4 million yuan in total liabilities, with a liability-to-asset ratio of 21.6%.