Qtone Education Group(Guangdong) Co.,Ltd.’s Net Profit Dropped 15.3% in 2022

Qtone Education Group(Guangdong) Co.,Ltd. (全通教育集团(广东)股份有限公司) (300359.SZ) reported a net profit of 19.6 million yuan in 2022, down 15.3% year-on-year.

Meanwhile, the company posted 604.9 million yuan in revenue, down 15.7% year-on-year.

At the end of the reporting period, it had 1.2 billion yuan in total assets and 360.2 million yuan in total liabilities, with a liability-to-asset ratio of 30.9%.