Ireader Technology Co.,Ltd.’s Net Profit Dropped 72.4% in First Half of 2022

Ireader Technology Co.,Ltd. (掌阅科技股份有限公司) (603533.SH) reported a net profit of 37.4 million yuan in the first half of 2022, down 72.4% year-on-year.

Meanwhile, the company posted 1.2 billion yuan in revenue, up 8.3% year-on-year.

At the end of the reporting period, it had 3.5 billion yuan in total assets and 894.7 million yuan in total liabilities, with a liability-to-asset ratio of 25.8%.