Shanghai Action Education Technology Co.,Ltd.’s Net Profit Rose 93.8% in First Quarter of 2023

Shanghai Action Education Technology Co.,Ltd. (上海行动教育科技股份有限公司) (605098.SH) reported a net profit of 16.8 million yuan in the first quarter of 2023, up 93.8% year-on-year.

Meanwhile, the company posted 109.9 million yuan in revenue, up 12% year-on-year.

At the end of the reporting period, it had 2 billion yuan in total assets and 894.4 million yuan in total liabilities, with a liability-to-asset ratio of 45.1%.