Shanghai Xinnanyang Only Education&Technology Co.,Ltd.’s Net Profit Dropped 68.2% in First Half of 2022

Shanghai Xinnanyang Only Education&Technology Co.,Ltd. (上海新南洋昂立教育科技股份有限公司) (600661.SH) reported a net profit of 58.8 million yuan in the first half of 2022, down 68.2% year-on-year.

Meanwhile, the company posted 346.8 million yuan in revenue, down 61.5% year-on-year.

At the end of the reporting period, it had 1.2 billion yuan in total assets and 889.9 million yuan in total liabilities, with a liability-to-asset ratio of 76.3%.