Ningbo Cixing Co.,Ltd.’s Net Profit Rose 48.5% in First Three Quarters of 2023

Ningbo Cixing Co.,Ltd. (宁波慈星股份有限公司) (300307.SZ) reported a net profit of 120.3 million yuan in the first three quarters of 2023, up 48.5% year-on-year.

Meanwhile, the company posted 1.7 billion yuan in revenue, up 11.6% year-on-year.

At the end of the reporting period, it had 4.7 billion yuan in total assets and 1.8 billion yuan in total liabilities, with a liability-to-asset ratio of 38.6%.