Ninestar Corporation’s Net Profit Dropped 93% in First Three Quarters of 2023

Ninestar Corporation (纳思达股份有限公司) (002180.SZ) reported a net profit of 123.9 million yuan in the first three quarters of 2023, down 93% year-on-year.

Meanwhile, the company posted 17.9 billion yuan in revenue, down 5.4% year-on-year.

At the end of the reporting period, it had 46.2 billion yuan in total assets and 27.4 billion yuan in total liabilities, with a liability-to-asset ratio of 59.3%.