Beijing Sinnet Technology Co.,Ltd.’s Net Profit Dropped 43.5% in First Three Quarters of 2022

Beijing Sinnet Technology Co.,Ltd. (北京光环新网科技股份有限公司) (300383.SZ) reported a net profit of 374.5 million yuan in the first three quarters of 2022, down 43.5% year-on-year.

Meanwhile, the company posted 5.5 billion yuan in revenue, down 7.8% year-on-year.

At the end of the reporting period, it had 20.3 billion yuan in total assets and 6.3 billion yuan in total liabilities, with a liability-to-asset ratio of 31%.