Shanghai Xinnanyang Only Education&Technology Co.,Ltd.’s Net Profit Dropped 7.9% in First Three Quarters 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 165.9 million yuan in the first three quarters of 2022, down 7.9% year-on-year.

Meanwhile, the company posted 545.7 million yuan in revenue, down 59.1% year-on-year.

At the end of the reporting period, it had 1.2 billion yuan in total assets and 797.2 million yuan in total liabilities, with a liability-to-asset ratio of 66.9%.