Nanning Baling Technology Co.,Ltd.’s Net Profit Rose 831.7% in First Three Quarters of 2023

Nanning Baling Technology Co.,Ltd. (南宁八菱科技股份有限公司) (002592.SZ) reported a net profit of 131.8 million yuan in the first three quarters of 2023, up 831.7% year-on-year.

Meanwhile, the company posted 333.1 million yuan in revenue, down 18.2% year-on-year.

At the end of the reporting period, it had 1.2 billion yuan in total assets and 320.9 million yuan in total liabilities, with a liability-to-asset ratio of 26.3%.