Arts Group Co.,Ltd. Posted 88.6 Million Yuan Net Profit in 2022

Arts Group Co.,Ltd. (中衡设计集团股份有限公司) (603017.SH) reported a net profit of 88.6 million yuan in 2022, reversing a net loss of 415.2 million yuan for the previous year.

Meanwhile, the company posted 1.8 billion yuan in revenue, down 1.9% year-on-year.

At the end of the reporting period, it had 3.4 billion yuan in total assets and 2 billion yuan in total liabilities, with a liability-to-asset ratio of 57.6%.