Astro-Century Education&Technology Co.,Ltd. Posted 7.4 Million Yuan Net Profit in First Quarter of 2022

Astro-Century Education&Technology Co.,Ltd. (世纪天鸿教育科技股份有限公司) (300654.SZ) reported a net profit of 7.4 million yuan in the first quarter of 2022, reversing a net loss of 508,817 yuan for the same period in the previous year.
Meanwhile, the company posted 64.5 million yuan in revenue, up 17.9% year-on-year.
At the end of the reporting period, it had 1 billion yuan in total assets and 268.2 million yuan in total liabilities, with a liability-to-asset ratio of 25.9%.
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