Shenzhen New Nanshan Holding(Group) Co.,Ltd. Posted 172.8 Million Yuan Net Profit in First Quarter of 2023

Shenzhen New Nanshan Holding(Group) Co.,Ltd. (深圳市新南山控股(集团)股份有限公司) (002314.SZ) reported a net profit of 172.8 million yuan in the first quarter of 2023, reversing a net loss of 123.2 million yuan for the same period in the previous year.

Meanwhile, the company posted 5.1 billion yuan in revenue, up 392.9% year-on-year.

At the end of the reporting period, it had 68.6 billion yuan in total assets and 50.2 billion yuan in total liabilities, with a liability-to-asset ratio of 73.2%.