Shanghai Xinnanyang Only Education&Technology Co.,Ltd. Posted 29.8 Million Yuan Net Loss in First Quarter of 2023

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 loss of 29.8 million yuan in the first quarter of 2023, reversing a net profit of 66.6 million yuan for the same period in the previous year.

Meanwhile, the company posted 189.3 million yuan in revenue, down 5.1% year-on-year.

At the end of the reporting period, it had 1.2 billion yuan in total assets and 819.9 million yuan in total liabilities, with a liability-to-asset ratio of 66.9%.