Ningbo Yunsheng Co.,Ltd.’s Net Profit Dropped 73.8% in First Quarter of 2023

Ningbo Yunsheng Co.,Ltd. (宁波韵升股份有限公司) (600366.SH) reported a net profit of 19.3 million yuan in the first quarter of 2023, down 73.8% year-on-year.

Meanwhile, the company posted 1.4 billion yuan in revenue, up 19% year-on-year.

At the end of the reporting period, it had 9.8 billion yuan in total assets and 3.6 billion yuan in total liabilities, with a liability-to-asset ratio of 36.9%.