Beijing Sinnet Technology Co.,Ltd.’s Net Profit Dropped 6.6% in First Quarter of 2023

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 168.1 million yuan in the first quarter of 2023, down 6.6% year-on-year.

Meanwhile, the company posted 1.9 billion yuan in revenue, up 2.6% year-on-year.

At the end of the reporting period, it had 19.4 billion yuan in total assets and 6.6 billion yuan in total liabilities, with a liability-to-asset ratio of 34%.