Xi'An Rongxin Culture Industrial Development Co.,Ltd.’s Net Profit Dropped 42.4% in 2022

Xi'An Rongxin Culture Industrial Development Co.,Ltd. (荣信教育文化产业发展股份有限公司) (301231.SZ) reported a net profit of 23.4 million yuan in 2022, down 42.4% year-on-year.

Meanwhile, the company posted 320.5 million yuan in revenue, down 15.4% year-on-year.

At the end of the reporting period, it had 1 billion yuan in total assets and 83.1 million yuan in total liabilities, with a liability-to-asset ratio of 8.2%.