Shenzhen New Nanshan Holding(Group) Co.,Ltd. Posted 167.1 Million Yuan Net Profit in First Half 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 167.1 million yuan in the first half of 2023, reversing a net loss of 129.5 million yuan for the same period in the previous year.

Meanwhile, the company posted 7.9 billion yuan in revenue, up 264.2% year-on-year.

At the end of the reporting period, it had 67.6 billion yuan in total assets and 49.4 billion yuan in total liabilities, with a liability-to-asset ratio of 73.1%.