Ningxia Western Venture Industrial Co.,Ltd.’s Net Profit Dropped 13.5% in First Three Quarters of 2023

Ningxia Western Venture Industrial Co.,Ltd. (宁夏西部创业实业股份有限公司) (000557.SZ) reported a net profit of 196.8 million yuan in the first three quarters of 2023, down 13.5% year-on-year.

Meanwhile, the company posted 1.2 billion yuan in revenue, down 0.8% year-on-year.

At the end of the reporting period, it had 6.3 billion yuan in total assets and 504.8 million yuan in total liabilities, with a liability-to-asset ratio of 8%.