Guangxi Nanning Water Co.,Ltd.’s Net Profit Dropped 69.2% in First Half of 2023

Guangxi Nanning Water Co.,Ltd. (广西绿城水务股份有限公司) (601368.SH) reported a net profit of 35.6 million yuan in the first half of 2023, down 69.2% year-on-year.

Meanwhile, the company posted 1.1 billion yuan in revenue, up 1.1% year-on-year.

At the end of the reporting period, it had 19.9 billion yuan in total assets and 15.3 billion yuan in total liabilities, with a liability-to-asset ratio of 76.7%.