Shanghai Xinhua Media Co.,Ltd.’s Net Profit Dropped 81.6% in First Half of 2022

Shanghai Xinhua Media Co.,Ltd. (上海新华传媒股份有限公司) (600825.SH) reported a net profit of 3.3 million yuan in the first half of 2022, down 81.6% year-on-year.

Meanwhile, the company posted 529.5 million yuan in revenue, down 22.3% year-on-year.

At the end of the reporting period, it had 4.2 billion yuan in total assets and 1.6 billion yuan in total liabilities, with a liability-to-asset ratio of 38.7%.