Xi'An Rongxin Culture Industrial Development Co.,Ltd.’s Net Profit Rose 3.7% in First Quarter of 2023

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 3.4 million yuan in the first quarter of 2023, up 3.7% year-on-year.

Meanwhile, the company posted 65.9 million yuan in revenue, down 9.4% year-on-year.

At the end of the reporting period, it had 1 billion yuan in total assets and 65.3 million yuan in total liabilities, with a liability-to-asset ratio of 6.6%.