Ninestar Corporation’s Net Profit Dropped 57% in First Quarter of 2023

Ninestar Corporation (纳思达股份有限公司) (002180.SZ) reported a net profit of 219 million yuan in the first quarter of 2023, down 57% year-on-year.

Meanwhile, the company posted 6.5 billion yuan in revenue, up 11.7% year-on-year.

At the end of the reporting period, it had 45.6 billion yuan in total assets and 26.8 billion yuan in total liabilities, with a liability-to-asset ratio of 58.7%.