Ningbo Bird Co.,Ltd.’s Net Profit Dropped 15.1% in First Quarter of 2023

Ningbo Bird Co.,Ltd. (宁波波导股份有限公司) (600130.SH) reported a net profit of 7.2 million yuan in the first quarter of 2023, down 15.1% year-on-year.

Meanwhile, the company posted 108 million yuan in revenue, down 16.6% year-on-year.

At the end of the reporting period, it had 1.2 billion yuan in total assets and 138.2 million yuan in total liabilities, with a liability-to-asset ratio of 11.6%.