Nanjing Red Sun Co.,Ltd.’s Net Profit Dropped 97.9% in First Half of 2023

Nanjing Red Sun Co.,Ltd. (南京红太阳股份有限公司) (000525.SZ) reported a net profit of 12.7 million yuan in the first half of 2023, down 97.9% year-on-year.

Meanwhile, the company posted 1.6 billion yuan in revenue, down 53.9% year-on-year.

At the end of the reporting period, it had 10.1 billion yuan in total assets and 8.6 billion yuan in total liabilities, with a liability-to-asset ratio of 85.8%.