Shanghai Xinnanyang Only Education&Technology Co.,Ltd. Posted 198.7 Million Yuan Net Profit in 2022

Shanghai Xinnanyang Only Education&Technology Co.,Ltd. (上海新南洋昂立教育科技股份有限公司) (600661.SH) reported a net profit of 198.7 million yuan in 2022, reversing a net loss of 188.9 million yuan for the previous year.

Meanwhile, the company posted 760.4 million yuan in revenue, down 52.1% year-on-year.

At the end of the reporting period, it had 1.2 billion yuan in total assets and 805.6 million yuan in total liabilities, with a liability-to-asset ratio of 65.5%.