Nanxing Machinery Co.,Ltd.’s Net Profit Rose 5.6% in First Quarter of 2023

Nanxing Machinery Co.,Ltd. (南兴装备股份有限公司) (002757.SZ) reported a net profit of 83.9 million yuan in the first quarter of 2023, up 5.6% year-on-year.

Meanwhile, the company posted 940.1 million yuan in revenue, up 37.3% year-on-year.

At the end of the reporting period, it had 4.2 billion yuan in total assets and 1.7 billion yuan in total liabilities, with a liability-to-asset ratio of 40.3%.