Xinhuanet Co.,Ltd.’s Net Profit Rose 197.8% in First Quarter of 2022

Xinhuanet Co.,Ltd. (新华网股份有限公司) (603888.SH) reported a net profit of 20.3 million yuan in the first quarter of 2022, up 197.8% year-on-year.

Meanwhile, the company posted 303.4 million yuan in revenue, up 9% year-on-year.

At the end of the reporting period, it had 4.7 billion yuan in total assets and 1.5 billion yuan in total liabilities, with a liability-to-asset ratio of 32.2%.