Funshine Culture Group Co.,Ltd.’s Net Profit Dropped 91% in 2022

Funshine Culture Group Co.,Ltd. (锋尚文化集团股份有限公司) (300860.SZ) reported a net profit of 8.3 million yuan in 2022, down 91% year-on-year.

Meanwhile, the company posted 320.1 million yuan in revenue, down 31.4% year-on-year.

At the end of the reporting period, it had 3.9 billion yuan in total assets and 625.7 million yuan in total liabilities, with a liability-to-asset ratio of 16.3%.