Shanghai Xinnanyang Only Education&Technology Co.,Ltd.’s Net Profit Dropped 0.6% in First Quarter of 2022

Shanghai Xinnanyang Only Education&Technology Co.,Ltd. (上海新南洋昂立教育科技股份有限公司) (600661.SH) reported a net profit of 66.6 million yuan in the first quarter of 2022, down 0.6% year-on-year.

Meanwhile, the company posted 199.5 million yuan in revenue, down 58.8% year-on-year.

At the end of the reporting period, it had 1.2 billion yuan in total assets and 1 billion yuan in total liabilities, with a liability-to-asset ratio of 77%.