Nanjing Red Sun Co.,Ltd.’s Net Profit Dropped 98.3% in First Three Quarters of 2023

Nanjing Red Sun Co.,Ltd. (南京红太阳股份有限公司) (000525.SZ) reported a net profit of 15.8 million yuan in the first three quarters of 2023, down 98.3% year-on-year.

Meanwhile, the company posted 2.7 billion yuan in revenue, down 50.6% year-on-year.

At the end of the reporting period, it had 10.2 billion yuan in total assets and 8.9 billion yuan in total liabilities, with a liability-to-asset ratio of 86.4%.