Ireader Technology Co.,Ltd.’s Net Profit Dropped 75.7% in First Three Quarters of 2022

Ireader Technology Co.,Ltd. (掌阅科技股份有限公司) (603533.SH) reported a net profit of 36.8 million yuan in the first three quarters of 2022, down 75.7% year-on-year.

Meanwhile, the company posted 1.9 billion yuan in revenue, up 16.7% year-on-year.

At the end of the reporting period, it had 3.3 billion yuan in total assets and 760.8 million yuan in total liabilities, with a liability-to-asset ratio of 22.8%.