Ninestar Corporation’s Net Profit Dropped 74.1% in First Half of 2023

Ninestar Corporation (纳思达股份有限公司) (002180.SZ) reported a net profit of 332.9 million yuan in the first half of 2023, down 74.1% year-on-year.

Meanwhile, the company posted 12.3 billion yuan in revenue, flat year-on-year.

At the end of the reporting period, it had 49 billion yuan in total assets and 29.9 billion yuan in total liabilities, with a liability-to-asset ratio of 60.9%.