Nanning Sugar Industry Co.,Ltd. Posted 19.9 Million Yuan Net Profit in First Half of 2023

Nanning Sugar Industry Co.,Ltd. (南宁糖业股份有限公司) (000911.SZ) reported a net profit of 19.9 million yuan in the first half of 2023, reversing a net loss of 84.2 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.7 billion yuan in revenue, down 7.4% year-on-year.

At the end of the reporting period, it had 4.5 billion yuan in total assets and 4.3 billion yuan in total liabilities, with a liability-to-asset ratio of 95.3%.