Sichuan Newsnet Media(Group) Co.,Ltd.’s Net Profit Dropped 37% in First Quarter of 2022

Sichuan Newsnet Media(Group) Co.,Ltd. (四川新闻网传媒(集团)股份有限公司) (300987.SZ) reported a net profit of 3.8 million yuan in the first quarter of 2022, down 37% year-on-year.

Meanwhile, the company posted 38.8 million yuan in revenue, up 4.1% year-on-year.

At the end of the reporting period, it had 896.8 million yuan in total assets and 86.1 million yuan in total liabilities, with a liability-to-asset ratio of 9.6%.