Jiangsu Nanfang Precision Co.,Ltd.’s Net Profit Dropped 97.1% in First Three Quarters of 2023

Jiangsu Nanfang Precision Co.,Ltd. (江苏南方精工股份有限公司) (002553.SZ) reported a net profit of 2 million yuan in the first three quarters of 2023, down 97.1% year-on-year.

Meanwhile, the company posted 489.3 million yuan in revenue, up 14.2% year-on-year.

At the end of the reporting period, it had 1.4 billion yuan in total assets and 184.6 million yuan in total liabilities, with a liability-to-asset ratio of 13.4%.