Guangxi Nanning Water Co.,Ltd.’s Net Profit Dropped 17.5% in First Three Quarters 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 136.2 million yuan in the first three quarters of 2023, down 17.5% year-on-year.

Meanwhile, the company posted 1.7 billion yuan in revenue, up 2.8% year-on-year.

At the end of the reporting period, it had 20.3 billion yuan in total assets and 15.6 billion yuan in total liabilities, with a liability-to-asset ratio of 76.7%.