Qingdao Citymedia Co.,Ltd.’s Net Profit Dropped 4.3% in First Quarter of 2022

Qingdao Citymedia Co.,Ltd. (青岛城市传媒股份有限公司) (600229.SH) reported a net profit of 86.9 million yuan in the first quarter of 2022, down 4.3% year-on-year.

Meanwhile, the company posted 578.3 million yuan in revenue, up 7% year-on-year.

At the end of the reporting period, it had 3.9 billion yuan in total assets and 1 billion yuan in total liabilities, with a liability-to-asset ratio of 25.3%.