Southern Publishing And Media Company Limited’s Net Profit Dropped 18% in First Quarter of 2022

Southern Publishing And Media Company Limited (南方出版传媒股份有限公司) (601900.SH) reported a net profit of 128.9 million yuan in the first quarter of 2022, down 18% year-on-year.

Meanwhile, the company posted 1.9 billion yuan in revenue, up 9.1% year-on-year.

At the end of the reporting period, it had 13.6 billion yuan in total assets and 6.2 billion yuan in total liabilities, with a liability-to-asset ratio of 45.4%.