Shanghai Action Education Technology Co.,Ltd.’s Net Profit Dropped 35% in First Half of 2022

Shanghai Action Education Technology Co.,Ltd. (上海行动教育科技股份有限公司) (605098.SH) reported a net profit of 50 million yuan in the first half of 2022, down 35% year-on-year.

Meanwhile, the company posted 201.4 million yuan in revenue, down 16.7% year-on-year.

At the end of the reporting period, it had 1.9 billion yuan in total assets and 882.2 million yuan in total liabilities, with a liability-to-asset ratio of 46.8%.