Songcheng Performance Development Co.,Ltd.’s Net Profit Dropped 87% in First Three Quarters of 2022

Songcheng Performance Development Co.,Ltd. (宋城演艺发展股份有限公司) (300144.SZ) reported a net profit of 55.9 million yuan in the first three quarters of 2022, down 87% year-on-year.

Meanwhile, the company posted 388.2 million yuan in revenue, down 61.8% year-on-year.

At the end of the reporting period, it had 9.6 billion yuan in total assets and 1.6 billion yuan in total liabilities, with a liability-to-asset ratio of 17%.